Guaranty Bancshares (NASDAQ:GNTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
Several other research analysts have also recently issued reports on the stock. BidaskClub raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Sandler O’Neill reissued a “hold” rating and set a $33.00 target price on shares of Guaranty Bancshares in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating, Guaranty Bancshares presently has an average rating of “Hold” and an average price target of $34.00.
Shares of Guaranty Bancshares (NASDAQ GNTY) opened at $34.55 on Thursday. Guaranty Bancshares has a one year low of $28.00 and a one year high of $37.36. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $385.63, a price-to-earnings ratio of 24.50 and a beta of -0.07.
Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Friday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter. Guaranty Bancshares had a net margin of 16.78% and a return on equity of 9.24%. The firm had revenue of $19.27 million during the quarter. research analysts predict that Guaranty Bancshares will post 2.04 EPS for the current fiscal year.
In related news, President Kirk L. Lee sold 4,766 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $35.05, for a total transaction of $167,048.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.12% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNTY. New York State Common Retirement Fund purchased a new position in Guaranty Bancshares in the second quarter valued at $109,000. California State Teachers Retirement System purchased a new position in Guaranty Bancshares in the second quarter valued at $115,000. TIAA CREF Investment Management LLC purchased a new position in Guaranty Bancshares in the second quarter valued at $156,000. Wells Fargo & Company MN increased its holdings in Guaranty Bancshares by 4,856.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,138 shares of the company’s stock valued at $219,000 after buying an additional 6,994 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Guaranty Bancshares in the third quarter valued at $229,000. 21.63% of the stock is owned by institutional investors.
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About Guaranty Bancshares
Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.
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