Significant Insider Sales Reported in Shares of Allegiance Bancshares (ABTX) Extending the Trend of Last Quarter

Monday, October 30, 2017 10:15 PM ET

Significant Insider Sales Reported in Shares of Allegiance Bancshares (ABTX) Extending the Trend of Last Quarter

There was significant selling of Allegiance Bancshares shares by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders — Dr James J Kearney, Director, and Umesh Jain, Director — sold 37,333 shares in the company having a market value of approximately $1,456,060. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 15,000 company shares and the disposition of 23,500 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 45,833 shares and have averaged 15,167 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Allegiance Bancshares is greater than its 331-company peer group average. The Banks peer group saw 347 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Allegiance Bancshares insiders is lower than its peers. Within the peer group there were 591,877 shares purchased and 38,309,641 shares sold with company insiders having sold 108,697 shares on average over this time period.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to create and write this story.

Today’s Insider Activity
* Dr James J Kearney, Director, sold 3,333 shares
* Umesh Jain, Director, sold 34,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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