Zacks Investment Research upgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “Guaranty Bancshares, Inc. is a bank holding company that derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bank, a Texas state bank with banking offices located in the Texas communities. The company adheres to a community banking philosophy focused on servicing and investing in the communities that comprise its market. The company emphasizes service-oriented, convenient, relationship banking, featuring individualized, quality customer service, extended banking hours and accessible locations. “
GNTY has been the subject of several other reports. Stephens reiterated a buy rating and set a $34.00 price objective on shares of Guaranty Bancshares in a research note on Tuesday, January 22nd. BidaskClub downgraded shares of Guaranty Bancshares from a hold rating to a sell rating in a research note on Wednesday, February 13th.
Guaranty Bancshares stock opened at $30.92 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. Guaranty Bancshares has a 1 year low of $28.24 and a 1 year high of $36.30. The company has a market capitalization of $369.03 million, a P/E ratio of 16.71 and a beta of 0.03.
Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Tuesday, January 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Guaranty Bancshares had a net margin of 19.85% and a return on equity of 9.38%. The company had revenue of $23.03 million during the quarter. On average, research analysts predict that Guaranty Bancshares will post 2.24 earnings per share for the current year.
In other news, VP Randall R. Kucera sold 1,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $30.19, for a total transaction of $30,190.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard W. Baker bought 100,000 shares of Guaranty Bancshares stock in a transaction dated Wednesday, February 13th. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $3,000,000.00. The disclosure for this purchase can be found here. 22.57% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of GNTY. BlackRock Inc. lifted its position in shares of Guaranty Bancshares by 12.7% during the second quarter. BlackRock Inc. now owns 371,803 shares of the company’s stock worth $12,248,000 after purchasing an additional 41,890 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Guaranty Bancshares by 10.7% during the third quarter. First Trust Advisors LP now owns 17,303 shares of the company’s stock worth $523,000 after purchasing an additional 1,671 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Guaranty Bancshares by 53.9% during the third quarter. Wells Fargo & Company MN now owns 12,555 shares of the company’s stock worth $379,000 after purchasing an additional 4,399 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Guaranty Bancshares during the third quarter worth $145,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Guaranty Bancshares by 13.9% during the third quarter. Bank of New York Mellon Corp now owns 36,454 shares of the company’s stock worth $1,102,000 after purchasing an additional 4,443 shares in the last quarter. 22.02% of the stock is currently owned by institutional investors and hedge funds.
Guaranty Bancshares Company Profile
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, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.
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