Zacks: Guaranty Bancshares, Inc. (GNTY) Receives Consensus Recommendation of “Hold” from Brokerages

Guaranty Bancshares, Inc. (NASDAQ:GNTY) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 12 month consensus target price of $32.00 for the company, according to Zacks. Zacks has also given Guaranty Bancshares an industry rank of 173 out of 257 based on the ratings given to its competitors.

GNTY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Friday, August 24th. BidaskClub upgraded shares of Guaranty Bancshares from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Stephens reiterated a “hold” rating and issued a $32.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, October 23rd.

In related news, Director James S. Bunch purchased 1,286 shares of Guaranty Bancshares stock in a transaction dated Friday, September 7th. The stock was purchased at an average cost of $30.89 per share, for a total transaction of $39,724.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Kirk L. Lee sold 1,802 shares of Guaranty Bancshares stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $33.01, for a total transaction of $59,484.02. The disclosure for this sale can be found here. Insiders own 22.57% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Guaranty Bancshares by 10.7% in the third quarter. First Trust Advisors LP now owns 17,303 shares of the company’s stock worth $523,000 after acquiring an additional 1,671 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Guaranty Bancshares by 53.9% in the third quarter. MetLife Investment Advisors LLC now owns 6,119 shares of the company’s stock worth $185,000 after acquiring an additional 2,143 shares during the period. Morgan Stanley grew its stake in shares of Guaranty Bancshares by 14.4% in the third quarter. Morgan Stanley now owns 18,799 shares of the company’s stock worth $568,000 after acquiring an additional 2,366 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Guaranty Bancshares in the second quarter worth approximately $112,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Guaranty Bancshares in the second quarter worth approximately $128,000. Hedge funds and other institutional investors own 21.52% of the company’s stock.

Shares of Guaranty Bancshares stock opened at $30.60 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $361.90 million, a price-to-earnings ratio of 19.62 and a beta of -0.01. Guaranty Bancshares has a 52-week low of $28.34 and a 52-week high of $37.36.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, October 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.10). The firm had revenue of $21.78 million during 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 year.

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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