Raymond James Sticks to Its Hold Rating for Allegiance Bancshares (ABTX)


Raymond James analyst David Feaster maintained a Hold rating on Allegiance Bancshares (ABTX) today. The company’s shares closed last Thursday at $35.72.

According to TipRanks.com, Feaster is a 5-star analyst with an average return of 26.9% and a 86.9% success rate. Feaster covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Bank of NT Butterfield & Son, and Seacoast Banking Of Florida.

The word on The Street in general, suggests a Hold analyst consensus rating for Allegiance Bancshares.

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Allegiance Bancshares’ market cap is currently $745.7M and has a P/E ratio of 17.50. The company has a Price to Book ratio of 1.47.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. The company was founded by George Martinez and Steven F. Retzloff in 2007 and is headquartered in Houston, TX.

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