Guaranty Bancshares (GNTY) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a sell rating to a hold rating in a report released on Thursday morning.

A number of other research firms also recently weighed in on GNTY. Zacks Investment Research downgraded Guaranty Bancshares from a hold rating to a sell rating in a research report on Monday, September 3rd. Stephens restated a hold rating and set a $32.00 target price on shares of Guaranty Bancshares in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of Hold and an average target price of $34.00.

GNTY traded down $0.20 during trading on Thursday, hitting $30.13. The company’s stock had a trading volume of 261 shares, compared to its average volume of 14,309. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.92. Guaranty Bancshares has a 12 month low of $28.34 and a 12 month high of $37.36. The company has a market cap of $360.59 million, a price-to-earnings ratio of 19.31 and a beta of -0.01.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Tuesday, October 23rd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The firm had revenue of $21.78 million for the quarter. Guaranty Bancshares had a return on equity of 8.71% and a net margin of 17.35%. As a group, research analysts predict that Guaranty Bancshares will post 1.86 EPS for the current fiscal year.

In other news, President Kirk L. Lee sold 1,802 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $33.01, for a total transaction of $59,484.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Kirk L. Lee sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.10, for a total value of $165,500.00. The disclosure for this sale can be found here. Insiders own 22.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTY. Russell Investments Group Ltd. bought a new stake in Guaranty Bancshares in the second quarter valued at about $112,000. Icon Wealth Partners LLC bought a new stake in Guaranty Bancshares in the second quarter valued at about $128,000. SG Americas Securities LLC bought a new stake in Guaranty Bancshares in the third quarter valued at about $145,000. MetLife Investment Advisors LLC increased its holdings in Guaranty Bancshares by 53.9% in the third quarter. MetLife Investment Advisors LLC now owns 6,119 shares of the company’s stock valued at $185,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Guaranty Bancshares in the third quarter valued at about $234,000. Institutional investors and hedge funds own 21.52% of the company’s stock.

About Guaranty Bancshares

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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