Guaranty Bancshares (NASDAQ:GNTY) PT Set at $33.00 by Stephens

Stephens set a $33.00 price target on Guaranty Bancshares (NASDAQ:GNTY) in a report released on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on GNTY. Piper Jaffray Companies started coverage on Guaranty Bancshares in a research note on Monday, June 10th. They issued a neutral rating and a $32.00 price target on the stock. BidaskClub raised Guaranty Bancshares from a sell rating to a hold rating in a research note on Friday, June 7th. Finally, Zacks Investment Research cut Guaranty Bancshares from a hold rating to a sell rating in a research note on Tuesday, June 4th.

Shares of NASDAQ GNTY opened at $30.61 on Wednesday. The stock has a market cap of $358.08 million, a P/E ratio of 16.54 and a beta of -0.03. 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 has a 1-year low of $24.27 and a 1-year high of $36.30.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The firm had revenue of $22.57 million for the quarter. Guaranty Bancshares had a net margin of 19.63% and a return on equity of 9.22%. As a group, equities analysts expect that Guaranty Bancshares will post 2.18 earnings per share for the current year.

In related news, Director James S. Bunch purchased 5,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were acquired at an average cost of $27.01 per share, with a total value of $135,050.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 22.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Guaranty Bancshares by 2.5% during the fourth quarter. BlackRock Inc. now owns 386,344 shares of the company’s stock valued at $11,521,000 after buying an additional 9,515 shares during the period. Ramsey Quantitative Systems increased its stake in shares of Guaranty Bancshares by 180.5% during the fourth quarter. Ramsey Quantitative Systems now owns 2,264 shares of the company’s stock valued at $68,000 after buying an additional 1,457 shares during the period. Martingale Asset Management L P increased its stake in shares of Guaranty Bancshares by 1.3% during the fourth quarter. Martingale Asset Management L P now owns 30,204 shares of the company’s stock valued at $901,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Guaranty Bancshares by 13.9% during the third quarter. Bank of New York Mellon Corp now owns 36,454 shares of the company’s stock valued at $1,102,000 after buying an additional 4,443 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Guaranty Bancshares by 43.4% during the fourth quarter. Rhumbline Advisers now owns 10,992 shares of the company’s stock valued at $328,000 after buying an additional 3,326 shares during the period. 21.56% of the stock is currently owned by hedge funds and other institutional investors.

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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

Further Reading: Strike Price

Receive News & Ratings for Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.