Allegiance Bancshares Inc. (NASDAQ:ABTX)’s share price were down 2.5% during trading on Tuesday . The company traded as low as $24.33 and last traded at $24.59, with a volume of 52,481 shares. The stock had previously closed at $25.23.

Separately, Zacks Investment Research lowered shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Allegiance Bancshares presently has a consensus rating of “Hold” and an average target price of $24.33.

The firm has a market cap of $320.66 million and a P/E ratio of 15.55. The company’s 50-day moving average is $24.52 and its 200-day moving average is $20.96.

Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. On average, equities research analysts forecast that Allegiance Bancshares Inc. will post $1.55 earnings per share for the current year.

In other Allegiance Bancshares news, Director Thomas A. Reiser acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average price of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director now owns 158,598 shares in the company, valued at approximately $3,727,053. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas A. Reiser acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $105,900.00. Following the acquisition, the director now owns 142,772 shares of the company’s stock, valued at approximately $3,023,910.96. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in Allegiance Bancshares stock. FSI Group LLC acquired a new position in Allegiance Bancshares Inc. (NASDAQ:ABTX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 70,563 shares of the company’s stock, valued at approximately $1,669,000. FSI Group LLC owned 0.55% of Allegiance Bancshares at the end of the most recent reporting period.

Allegiance Bancshares, Inc is a holding company for Allegiance Bank (the Bank). The Bank provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. The Bank is focused on delivering a range of commercial and community-oriented banking products and services.

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