Guaranty Bancshares (GNTY) Rating Increased to Sell at BidaskClub

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BidaskClub upgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a strong sell rating to a sell rating in a research report report published on Wednesday.

GNTY has been the subject of several other research reports. Stephens reaffirmed a hold rating and set a $36.00 price target on shares of Guaranty Bancshares in a report on Monday, June 18th. Zacks Investment Research raised Guaranty Bancshares from a sell rating to a hold rating in a report on Friday, August 24th. Finally, ValuEngine downgraded Guaranty Bancshares from a buy rating to a hold rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Guaranty Bancshares presently has an average rating of Hold and a consensus target price of $35.33.

NASDAQ:GNTY opened at $31.44 on Wednesday. Guaranty Bancshares has a 1-year low of $28.00 and a 1-year high of $37.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $376.17 million, a P/E ratio of 19.18 and a beta of -0.05.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Tuesday, July 24th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.07). Guaranty Bancshares had a net margin of 17.33% and a return on equity of 8.45%. The firm had revenue of $20.38 million during the quarter. sell-side analysts anticipate that Guaranty Bancshares will post 1.94 EPS for the current year.

In other Guaranty Bancshares news, EVP Robert P. Sharp purchased 2,203 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was acquired at an average price of $29.28 per share, with a total value of $64,503.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 22.57% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GNTY. BlackRock Inc. lifted its holdings in Guaranty Bancshares by 239.6% during the 1st quarter. BlackRock Inc. now owns 329,913 shares of the company’s stock valued at $10,989,000 after purchasing an additional 232,756 shares during the last quarter. RMB Capital Management LLC lifted its holdings in Guaranty Bancshares by 50.0% during the 1st quarter. RMB Capital Management LLC now owns 142,075 shares of the company’s stock valued at $4,733,000 after purchasing an additional 47,365 shares during the last quarter. Northern Trust Corp lifted its holdings in Guaranty Bancshares by 182.0% during the 1st quarter. Northern Trust Corp now owns 67,968 shares of the company’s stock valued at $2,264,000 after purchasing an additional 43,866 shares during the last quarter. Zacks Investment Management acquired a new stake in Guaranty Bancshares during the 2nd quarter valued at $792,000. Finally, Martingale Asset Management L P lifted its holdings in Guaranty Bancshares by 112.8% during the 2nd quarter. Martingale Asset Management L P now owns 29,804 shares of the company’s stock valued at $982,000 after purchasing an additional 15,801 shares during the last quarter. 20.99% of the stock is owned by institutional investors and hedge funds.

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, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.

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