Guaranty Bancshares (NASDAQ:GNTY) Rating Increased to B- at TheStreet

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.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Guaranty Bancshares had a net margin of 21.56% and a return on equity of 10.16%. The business had revenue of $24.70 million during the quarter, compared to the consensus estimate of $24.00 million. As a group, research analysts forecast that Guaranty Bancshares will post 2.22 EPS for the current year.

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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