Guaranty Bancshares (NASDAQ:GNTY) has been assigned a $33.00 target price by analysts at Stephens in a report issued on Wednesday, TipRanks reports. The firm presently has a “buy” rating on the stock. Stephens’ target price indicates a potential upside of 7.35% from the company’s previous close.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Guaranty Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Piper Jaffray Companies assumed coverage on shares of Guaranty Bancshares in a research note on Monday. They issued a “neutral” rating and a $32.00 price target for the company.
GNTY opened at $30.74 on Wednesday. The company has a market cap of $358.41 million, a PE ratio of 16.62 and a beta of -0.03. Guaranty Bancshares has a 52-week low of $24.27 and a 52-week high of $36.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.88.
Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The company had revenue of $22.57 million during the quarter. Guaranty Bancshares had a return on equity of 9.22% and a net margin of 19.63%. Equities research analysts predict that Guaranty Bancshares will post 2.18 EPS for the current fiscal year.
In related news, Director James S. Bunch purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $27.01 per share, for a total transaction of $135,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its holdings 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 buying an additional 1,333 shares during the last quarter. Ramsey Quantitative Systems raised its stake in shares of Guaranty Bancshares by 180.5% in the fourth quarter. Ramsey Quantitative Systems now owns 2,264 shares of the company’s stock valued at $68,000 after purchasing an additional 1,457 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Guaranty Bancshares by 365.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the company’s stock valued at $83,000 after purchasing an additional 2,195 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Guaranty Bancshares in the first quarter valued at $175,000. Finally, Rhumbline Advisers raised its stake in shares of Guaranty Bancshares by 43.4% in the fourth quarter. Rhumbline Advisers now owns 10,992 shares of the company’s stock valued at $328,000 after purchasing an additional 3,326 shares in the last quarter. 21.56% of the stock is owned by hedge funds and other institutional investors.
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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.
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