Guaranty Bancshares (NASDAQ:GNTY) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.
Other analysts also recently issued research reports about the stock. Stephens reissued a “buy” rating and issued a $35.00 price target on shares of Guaranty Bancshares in a research report on Tuesday, October 22nd. Zacks Investment Research downgraded shares of Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. BidaskClub downgraded shares of Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Guaranty Bancshares in a research report on Thursday, October 10th. They issued a “market perform” rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.
NASDAQ GNTY traded up $0.33 during mid-day trading on Thursday, hitting $33.68. The company’s stock had a trading volume of 29,064 shares, compared to its average volume of 13,600. The company’s 50 day simple moving average is $32.50 and its 200 day simple moving average is $30.93. Guaranty Bancshares has a twelve month low of $24.27 and a twelve month high of $34.01. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $377.75 million, a price-to-earnings ratio of 18.21 and a beta of 0.06.
In other Guaranty Bancshares news, President Kirk L. Lee sold 7,027 shares of Guaranty Bancshares stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $32.92, for a total transaction of $231,328.84. Also, EVP Martin C. Bell sold 2,000 shares of Guaranty Bancshares stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $32.23, for a total transaction of $64,460.00. 22.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Guaranty Bancshares by 20.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,261 shares of the company’s stock worth $70,000 after acquiring an additional 384 shares during the last quarter. LSV Asset Management purchased a new position in Guaranty Bancshares during the 2nd quarter worth $160,000. Russell Investments Group Ltd. boosted its holdings in Guaranty Bancshares by 9.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,999 shares of the company’s stock worth $218,000 after acquiring an additional 580 shares during the last quarter. Rhumbline Advisers boosted its holdings in Guaranty Bancshares by 9.3% during the 3rd quarter. Rhumbline Advisers now owns 12,608 shares of the company’s stock worth $386,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Guaranty Bancshares by 6.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,888 shares of the company’s stock worth $620,000 after acquiring an additional 1,195 shares during the last quarter. 22.03% 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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