Guaranty Bancshares (NASDAQ:GNTY) Price Target Raised to $40.00 at Stephens

Guaranty Bancshares (NASDAQ:GNTY) had its price target lifted by investment analysts at Stephens from $38.00 to $40.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 22.96% from the company’s previous close.

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th.

Guaranty Bancshares Stock Down 6.4 %

GNTY stock opened at $32.53 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Guaranty Bancshares has a 1-year low of $26.87 and a 1-year high of $37.28. The firm has a fifty day moving average price of $33.70 and a two-hundred day moving average price of $31.46. The firm has a market cap of $374.65 million, a price-to-earnings ratio of 13.33 and a beta of 0.57.

Insider Buying and Selling at Guaranty Bancshares

In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the completion of the sale, the director now directly owns 160,357 shares of the company’s stock, valued at approximately $5,176,323.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP William Travis Brown sold 750 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.75, for a total value of $25,312.50. Following the transaction, the executive vice president now owns 1,211 shares in the company, valued at approximately $40,871.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James S. Bunch sold 5,643 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total value of $182,156.04. Following the completion of the transaction, the director now owns 160,357 shares in the company, valued at $5,176,323.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,190 shares of company stock valued at $336,300. 26.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Guaranty Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of Guaranty Bancshares by 97.2% in the first quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock valued at $124,000 after acquiring an additional 2,017 shares during the period. Empowered Funds LLC raised its stake in Guaranty Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock worth $657,000 after acquiring an additional 1,575 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock worth $1,460,000 after acquiring an additional 1,294 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Guaranty Bancshares by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock valued at $2,045,000 after buying an additional 12,111 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Guaranty Bancshares by 4.4% in the second quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after buying an additional 5,247 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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. The company offers checking and savings, money market, and business accounts, as well as certificates of deposit; and commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland, agricultural, multi-family residential, and consumer loans.