Allegiance Bancshares Inc (ABTX) Receives a Hold from Brean Capital


Brean Capital analyst Blair Brantley reiterated a Hold rating on Allegiance Bancshares Inc (ABTX) on March 15. The company’s shares opened today at $36.36.

According to TipRanks.com, Brantley is a 1-star analyst with an average return of -2.0% and a 32.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Union Bankshares Corporation, and Community Bankers Trust Corp.

Allegiance Bancshares Inc has an analyst consensus of Hold, with a price target consensus of $41.

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Based on Allegiance Bancshares Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $13.16 million. In comparison, last year the company had a net profit of $3.2 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.

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Allegiance Bancshares, Inc. operates as a bank holding company. It engages in the provision of diversified range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. The company was founded by George Martinez and Steven F. Retzloff in 2007 and is headquartered in Houston, TX.

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