Stephens Thinks Allegiance Bancshares Inc’s Stock is Going to Recover


In a report released today, Matt Olney from Stephens maintained a Buy rating on Allegiance Bancshares Inc (NASDAQ: ABTX), with a price target of $51. The company’s shares opened today at $37.70, close to its 52-week low of $36.10.

According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 39.2% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.

Currently, the analyst consensus on Allegiance Bancshares Inc is a Moderate Buy with an average price target of $48.67.

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The company has a one-year high of $46.85 and a one-year low of $36.10. Currently, Allegiance Bancshares Inc has an average volume of 26.57K.

Based on the recent corporate insider activity of 46 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.

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