Guaranty Bancshares (GNTY) Lifted to “Hold” at Zacks Investment Research

Guaranty Bancshares (NASDAQ:GNTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, March 15th.

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. “

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Other research analysts have also issued reports about the company. BidaskClub raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Sandler O’Neill reaffirmed a “hold” rating and set a $33.00 target price on shares of Guaranty Bancshares in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.67.

Shares of GNTY stock traded down $0.33 during mid-day trading on Thursday, hitting $33.85. 17,626 shares of the company’s stock were exchanged, compared to its average volume of 55,873. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $374.35, a price-to-earnings ratio of 21.70 and a beta of -0.02. Guaranty Bancshares has a fifty-two week low of $28.00 and a fifty-two week high of $37.36.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Friday, January 26th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $19.27 million for the quarter. Guaranty Bancshares had a return on equity of 8.83% and a net margin of 16.78%. analysts anticipate that Guaranty Bancshares will post 2.04 earnings per share for the current fiscal year.

In other Guaranty Bancshares news, President Kirk L. Lee sold 4,766 shares of Guaranty Bancshares stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $35.05, for a total value of $167,048.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 34.12% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Banc Funds Co. LLC raised its holdings in shares of Guaranty Bancshares by 8.1% during the fourth quarter. Banc Funds Co. LLC now owns 135,100 shares of the company’s stock valued at $4,141,000 after buying an additional 10,100 shares during the last quarter. BlackRock Inc. raised its holdings in Guaranty Bancshares by 7.2% during the fourth quarter. BlackRock Inc. now owns 97,157 shares of the company’s stock worth $2,979,000 after purchasing an additional 6,498 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Guaranty Bancshares during the fourth quarter worth approximately $456,000. Wells Fargo & Company MN raised its holdings in Guaranty Bancshares by 4,856.9% during the fourth quarter. Wells Fargo & Company MN now owns 7,138 shares of the company’s stock worth $219,000 after purchasing an additional 6,994 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Guaranty Bancshares during the fourth quarter worth approximately $409,000. Institutional investors own 21.63% of the company’s stock.

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Guaranty Bancshares Company Profile

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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