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Allegiance Bancshares Inc (NASDAQ:ABTX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Boasting a price of $26.10, Allegiance Bancshares Inc (NASDAQ:ABTX) traded 2.34% higher on the day. With the last stock price close up 13.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Allegiance Bancshares Inc has recorded a 50-day average of $26.58 and a two hundred day average of $23.48. Volume of trade was down over the average, with 36,462 shares of ABTX changing hands under the typical 39,845

Zacks Investment Research has downgraded Allegiance Bancshares Inc (NASDAQ:ABTX) to Hold in a statement released on Tuesday September 27, 2016.

On 9/21/2016, Robert W. Baird released a statement for Allegiance Bancshares Inc (NASDAQ:ABTX) bumped up the target price from $0.00 to $28.00 that suggested a downside of -0.02%.

Performance Chart

Allegiance Bancshares Inc (NASDAQ:ABTX)

With a total market value of $0, Allegiance Bancshares Inc has price-earnings ratio of 16.36 with a one year low of $14.38 and a one year high of $28.98 .

More About Allegiance Bancshares Inc (NASDAQ:ABTX)

Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.

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