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 note released on Thursday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Guaranty Bancshares from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Thursday, July 23rd. ValuEngine downgraded Guaranty Bancshares from a hold rating to a sell rating in a research report on Wednesday, July 22nd. Finally, TheStreet downgraded Guaranty Bancshares from a b- rating to a c- rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $33.00.

GNTY opened at $27.10 on Thursday. Guaranty Bancshares has a 12-month low of $20.02 and a 12-month high of $34.16. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $25.01 and its 200-day simple moving average is $26.39. The company has a market capitalization of $298.48 million, a price-to-earnings ratio of 9.75 and a beta of 0.49.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Guaranty Bancshares had a return on equity of 12.31% and a net margin of 18.12%. The firm had revenue of $28.17 million for the quarter, compared to the consensus estimate of $26.40 million. On average, equities research analysts predict that Guaranty Bancshares will post 1.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Friday, June 26th. Guaranty Bancshares’s dividend payout ratio is presently 33.78%.

In other Guaranty Bancshares news, Director James S. Bunch purchased 1,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of $25.93 per share, with a total value of $25,930.00. Following the completion of the acquisition, the director now owns 88,000 shares in the company, valued at $2,281,840. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director James S. Bunch purchased 2,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $25.33 per share, with a total value of $50,660.00. In the last three months, insiders acquired 6,900 shares of company stock valued at $172,336. Corporate insiders own 29.58% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. boosted its holdings in Guaranty Bancshares by 40.9% in the first quarter. Citigroup Inc. now owns 2,352 shares of the company’s stock worth $54,000 after acquiring an additional 683 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Guaranty Bancshares by 28.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,520 shares of the company’s stock worth $58,000 after purchasing an additional 557 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Guaranty Bancshares in the fourth quarter worth about $228,000. Two Sigma Investments LP purchased a new position in shares of Guaranty Bancshares in the first quarter worth about $377,000. Finally, UBS Group AG raised its stake in shares of Guaranty Bancshares by 59.1% in the fourth quarter. UBS Group AG now owns 11,546 shares of the company’s stock worth $380,000 after purchasing an additional 4,287 shares during the last quarter. 20.97% of the stock is owned by institutional investors and hedge funds.

Guaranty Bancshares Company Profile

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: What is Net Asset Value (NAV)?

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