In a report released yesterday, Matt Olney from Stephens maintained a Hold rating on Allegiance Bancshares Inc (ABTX), with a price target of $37. The company’s shares closed yesterday at $31.48, close to its 52-week low of $30.57.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -3.5% and a 36.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Hancock Whitney Corporation, and First Western Financial Inc.
Allegiance Bancshares Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.67.
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The company has a one-year high of $46.85 and a one-year low of $30.57. Currently, Allegiance Bancshares Inc has an average volume of 49.97K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABTX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
