According to Zacks, “Guaranty Bancshares, Inc. is a bank holding company that derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bank, a Texas state bank with banking offices located in the Texas communities. The company adheres to a community banking philosophy focused on servicing and investing in the communities that comprise its market. The company emphasizes service-oriented, convenient, relationship banking, featuring individualized, quality customer service, extended banking hours and accessible locations. “
Separately, Raymond James initiated coverage on shares of Guaranty Bancshares in a research report on Thursday, July 8th. They set an “outperform” rating and a $40.00 price target for the company.
Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Sunday, July 18th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Guaranty Bancshares had a net margin of 32.33% and a return on equity of 14.39%. The company had revenue of $29.45 million during the quarter, compared to the consensus estimate of $29.05 million. Equities analysts anticipate that Guaranty Bancshares will post 3.25 earnings per share for the current year.
In other news, Director James S. Bunch purchased 2,200 shares of the company’s stock in a transaction on Tuesday, August 3rd. The shares were purchased at an average cost of $33.51 per share, with a total value of $73,722.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Bunch purchased 3,000 shares of the company’s stock in a transaction on Thursday, July 22nd. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director now directly owns 145,800 shares of the company’s stock, valued at approximately $4,916,376. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock worth $269,774. Insiders own 27.35% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GNTY. Lazard Asset Management LLC acquired a new position in shares of Guaranty Bancshares in the first quarter valued at $29,000. TCTC Holdings LLC increased its holdings in shares of Guaranty Bancshares by 232.7% in the first quarter. TCTC Holdings LLC now owns 1,098 shares of the company’s stock valued at $40,000 after purchasing an additional 768 shares during the last quarter. UBS Group AG increased its holdings in shares of Guaranty Bancshares by 48.1% in the first quarter. UBS Group AG now owns 1,160 shares of the company’s stock valued at $43,000 after purchasing an additional 377 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Guaranty Bancshares by 10.0% in the first quarter. Cullen Frost Bankers Inc. now owns 3,520 shares of the company’s stock valued at $129,000 after purchasing an additional 320 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Guaranty Bancshares by 79.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,555 shares of the company’s stock valued at $131,000 after acquiring an additional 1,577 shares in the last quarter. Hedge funds and other institutional investors own 21.11% of the company’s stock.
About Guaranty Bancshares
Guaranty Bancshares, Inc is a bank holding company, which engages in the provision of financial products and services. It offers online banking and bill pay, fraud protection, P2P payments, direct deposits, personal loans auto loans, student checking, and premium checking. The company was founded on January 13, 1913 and is headquartered in Addison, TX.
Featured Article: Trading Options- What is a Strangle?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.