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

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

GNTY has been the topic of a number of other reports. Stephens set a $33.00 price target on Guaranty Bancshares and gave the stock a buy rating in a research report on Wednesday, June 12th. ValuEngine raised Guaranty Bancshares from a sell rating to a hold rating in a research report on Monday, July 29th. Piper Jaffray Companies initiated coverage on Guaranty Bancshares in a research report on Monday, June 10th. They set a neutral rating and a $32.00 price target on the stock. Finally, Zacks Investment Research raised Guaranty Bancshares from a sell rating to a hold rating in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Guaranty Bancshares has an average rating of Hold and an average price target of $32.50.

NASDAQ:GNTY traded down $0.99 during trading hours on Thursday, reaching $30.83. The company’s stock had a trading volume of 660 shares, compared to its average volume of 14,832. The company has a market capitalization of $353.74 million, a P/E ratio of 16.66 and a beta of 0.04. Guaranty Bancshares has a 12 month low of $24.27 and a 12 month high of $33.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $30.26 and a two-hundred day moving average price of $29.70.



Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $23.40 million during the quarter, compared to the consensus estimate of $23.70 million. Guaranty Bancshares had a return on equity of 9.46% and a net margin of 20.05%. As a group, analysts predict that Guaranty Bancshares will post 2.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 25th. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.34%. Guaranty Bancshares’s dividend payout ratio is presently 36.76%.

Several institutional investors and hedge funds have recently made changes to their positions in GNTY. BlackRock Inc. grew its holdings in shares of Guaranty Bancshares by 20.3% during the second quarter. BlackRock Inc. now owns 465,705 shares of the company’s stock valued at $14,507,000 after buying an additional 78,740 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Guaranty Bancshares by 18.2% during the second quarter. Vanguard Group Inc. now owns 401,615 shares of the company’s stock valued at $12,510,000 after buying an additional 61,925 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Guaranty Bancshares during the second quarter valued at $1,683,000. Maltese Capital Management LLC purchased a new stake in shares of Guaranty Bancshares during the second quarter valued at $1,237,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Guaranty Bancshares by 19.2% during the second quarter. Renaissance Technologies LLC now owns 76,427 shares of the company’s stock valued at $2,381,000 after buying an additional 12,300 shares during the last quarter. 21.97% 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.

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