Allegiance Bancshares Inc (ABTX) Gets a Hold Rating from Stephens

In a report released today, Matt Olney from Stephens assigned a Hold rating to Allegiance Bancshares Inc (ABTXResearch Report), with a price target of $34.00. The company’s shares closed last Monday at $34.15.

According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 44.2% 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 Moderate Buy with an average price target of $35.00.

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Allegiance Bancshares Inc’s market cap is currently $740.7M and has a P/E ratio of 14.12. The company has a Price to Book ratio of 1.05.

Based on the recent corporate insider activity of 58 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.