Guaranty Bancshares (NASDAQ:GNTY) Price Target Raised to $42.00

Guaranty Bancshares (NASDAQ:GNTY) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 8.15% from the company’s current price.

Separately, Stephens increased their price objective on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd.

Guaranty Bancshares Trading Up 10.0 %

NASDAQ:GNTY opened at $38.84 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares has a 52-week low of $27.01 and a 52-week high of $38.93. The stock’s 50 day moving average price is $35.73 and its 200 day moving average price is $34.22. The company has a market capitalization of $443.50 million, a PE ratio of 16.25 and a beta of 0.61.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The company had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. During the same period in the previous year, the business posted $0.54 earnings per share. On average, research analysts anticipate that Guaranty Bancshares will post 2.46 EPS for the current year.

Insider Activity

In related news, CEO Tyson T. Abston sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief executive officer now owns 101,000 shares in the company, valued at $3,436,020. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 26.39% of the company’s stock.

Institutional Investors Weigh In On Guaranty Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Guaranty Bancshares during the fourth quarter worth $122,000. MGB Wealth Management LLC acquired a new position in shares of Guaranty Bancshares during the 3rd quarter worth $631,000. JPMorgan Chase & Co. boosted its position in shares of Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock worth $793,000 after buying an additional 18,015 shares in the last quarter. Barclays PLC grew its stake in Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after acquiring an additional 10,299 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in Guaranty Bancshares during the 3rd quarter valued at about $1,323,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

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. 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.