Stephens Reaffirms Their Hold Rating on Allegiance Bancshares Inc (ABTX)


Stephens analyst Matt Olney maintained a Hold rating on Allegiance Bancshares Inc (ABTX) today and set a price target of $41. The company’s shares closed on Friday at $35.53.

According to TipRanks.com, Olney is a 1-star analyst with an average return of -1.1% and a 44.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

Currently, the analyst consensus on Allegiance Bancshares Inc is a Hold with an average price target of $37.

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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 43 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.

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