BidaskClub upgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a strong sell rating to a sell rating in a report released on Tuesday.
Other analysts have also issued reports about the company. Zacks Investment Research raised Guaranty Bancshares from a sell rating to a hold rating in a report on Friday, August 24th. Stephens reissued a hold rating and issued a $36.00 price objective on shares of Guaranty Bancshares in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Guaranty Bancshares currently has a consensus rating of Hold and a consensus target price of $35.33.
Shares of Guaranty Bancshares stock opened at $29.30 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $361.57 million, a P/E ratio of 18.63 and a beta of -0.04. 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 announced its quarterly earnings data on Tuesday, July 24th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.07). The firm had revenue of $20.38 million during the quarter. Guaranty Bancshares had a net margin of 17.33% and a return on equity of 8.45%. Equities research analysts anticipate that Guaranty Bancshares will post 1.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Wednesday, September 26th were paid a $0.15 dividend. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, September 25th. Guaranty Bancshares’s payout ratio is presently 38.46%.
In other Guaranty Bancshares news, President Kirk L. Lee sold 5,000 shares of Guaranty Bancshares stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $33.10, for a total value of $165,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert P. Sharp bought 2,203 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was bought at an average price of $29.28 per share, with a total value of $64,503.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 7,203 shares of company stock valued at $226,270. 22.57% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of GNTY. Schwab Charles Investment Management Inc. acquired a new position in Guaranty Bancshares in the first quarter valued at approximately $454,000. American International Group Inc. boosted its stake in Guaranty Bancshares by 260.7% in the first quarter. American International Group Inc. now owns 5,046 shares of the company’s stock valued at $168,000 after acquiring an additional 3,647 shares during the period. Northern Trust Corp boosted its stake in Guaranty Bancshares by 182.0% in the first quarter. Northern Trust Corp now owns 67,968 shares of the company’s stock valued at $2,264,000 after acquiring an additional 43,866 shares during the period. BlackRock Inc. boosted its stake in Guaranty Bancshares by 239.6% in the first quarter. BlackRock Inc. now owns 329,913 shares of the company’s stock valued at $10,989,000 after acquiring an additional 232,756 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in Guaranty Bancshares in the first quarter valued at approximately $132,000. Institutional investors own 20.99% of the company’s stock.
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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