Analysts fell to the sidelines weighing in on Trico Bancshares (TCBK) and Allegiance Bancshares Inc (ABTX) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Trico Bancshares (TCBK)
In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Trico Bancshares, with a price target of $40. The company’s shares closed on Friday at $38.51.
Stafford said:
“We are tweaking our EPS estimates in 2020 to $2.96 (was $3.02) and maintaining our Equal-Weight rating given the premium valuation at 13x our updated estimates.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.5% and a 57.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
Currently, the analyst consensus on Trico Bancshares is a Moderate Buy with an average price target of $42.
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Allegiance Bancshares Inc (ABTX)
Stephens analyst Matt Olney maintained a Hold rating on Allegiance Bancshares Inc today and set a price target of $36. The company’s shares closed on Friday at $35.29.
Olney wrote:
“We are lowering our EPS forecast to account for higher operating expenses. Our price target of $36 (was $37) represents 13x our 2020 EPS forecast of $2.78. We maintain our Equal-Weight rating.”
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.4% and a 48.5% 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.
Allegiance Bancshares Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.
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