A number of other research firms also recently commented on GNTY. Stephens set a $33.00 target price on Guaranty Bancshares and gave the stock a “buy” rating in a report on Wednesday, June 12th. Zacks Investment Research raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Piper Jaffray Companies started coverage on Guaranty Bancshares in a report on Monday, June 10th. They set a “neutral” rating and a $32.00 target price for the company. Finally, ValuEngine upgraded Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
GNTY opened at $30.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $353.39 million, a PE ratio of 16.51 and a beta of 0.04. The business’s 50-day moving average is $30.30 and its two-hundred day moving average is $29.70. Guaranty Bancshares has a 1 year low of $24.27 and a 1 year high of $32.54.
Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Guaranty Bancshares had a return on equity of 9.46% and a net margin of 20.05%. The business had revenue of $23.40 million during the quarter, compared to analyst estimates of $23.70 million. As a group, sell-side analysts expect that Guaranty Bancshares will post 2.13 EPS for the current year.
In other news, VP Randall R. Kucera sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $31.73, for a total value of $63,460.00. 22.60% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Guaranty Bancshares by 20.5% in the second quarter. JPMorgan Chase & Co. now owns 2,261 shares of the company’s stock valued at $70,000 after buying an additional 384 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Guaranty Bancshares by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 44,528 shares of the company’s stock valued at $1,387,000 after buying an additional 445 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Guaranty Bancshares by 9.0% in the second quarter. Russell Investments Group Ltd. now owns 6,999 shares of the company’s stock valued at $218,000 after buying an additional 580 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Guaranty Bancshares by 6.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,888 shares of the company’s stock valued at $620,000 after buying an additional 1,195 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Guaranty Bancshares by 516.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,591 shares of the company’s stock worth $46,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors and hedge funds own 21.97% of the company’s stock.
About Guaranty Bancshares
Guaranty Bancshares, Inc operates as the bank holding company for Guaranty Bank & Trust, N.A. that provides a range of commercial and consumer banking products and services for small- and medium-sized businesses, professionals, and individuals. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.
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