The stock last traded at $38.65 barely above $36.40, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $37.55. The 50 day moving average went up $2.25 or +6.18% and the 200 day average went up $1.10 or +2.94%. Allegiance Bancshares, Inc. shares had a trading volume of 306 on Tuesday. Shares saw a steep decrease in trading volume of 99.16% under the normal average daily volume.
Traders are more bullish on shares of the company as shown by the decrease in short interest. The company had a fall in short interest of -0.58% as of the latest report on September 29, 2017. Short interest decreased from 480,030 to 477,264 over that timeframe. With short interest at 477,264 and short average daily volume at 26,291, the short-interest ratio is 18.0 and the percentage of shorted shares is 0.04% as of September 29.
Allegiance Bancshares, Inc. (NASDAQ:ABTX) has been the object of insider selling activity recently. Umesh Jain, Director disclosed the sale of 5,088 shares. The shares were sold on August 24th for an average price of $35.33. Jain now owns $4,673,276 of the stock per the Form 4 SEC filing. EVP Daryl D. Bohls sold 1,500 shares at an average price of $32.24 on September 8th. That brings Bohls’s holdings to $207,206 as reported to the SEC.
Daryl D. Bohls, EVP sold $56,820 worth of shares at a price of $37.88 on Tue the 10th. That brings the EVP’s holdings to $243,455 as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (ABTX). As of quarter end Context Bh Capital Management, Lp had bought 140 shares growing its stake by 1.0%. The value of the investment in (ABTX) went from $523,000 to $544,000 a change of $21,000 since the last quarter. As of the end of the quarter Carlton Hofferkamp & Jenks Wealth Management, LLC had disposed of a total of 600 shares trimming its holdings by 0.3%. The value of the company’s investment in Allegiance Bancshares, Inc. decreased from $6,814,000 to $6,525,000 a change of 4.2% for the reporting period.
Campbell Newman Asset Management Inc added to its ownership by buying 1,111 shares an increase of 14.7% from 06/30/2017 to 09/30/2017. Campbell Newman Asset Management Inc now controls 8,663 shares worth $319,000. The value of the position overall is up by 10.4%. As of quarter end Bank Of Montreal /can/ had disposed of 372 shares trimming its position 17.2%. The value of the total investment in Allegiance Bancshares, Inc. decreased from $83,000 to $66,000 decreasing 20.5% quarter over quarter.
The most current P/E ratio is 22.60 and the market value is 508.67M. As of the latest earnings report the EPS was $1.71 and is expected to be $1.88 for the current year with 13,161,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.54 with next year’s EPS anticipated to be $2.44.
Allegiance Bancshares, Inc., launched on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier’s checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts. The Website also provides online bill payment and electronic delivery of customer statements..