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

Guaranty Bancshares (NASDAQ:GNTY) had its price objective hoisted by Stephens from $38.00 to $40.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

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

Guaranty Bancshares Price Performance

GNTY stock opened at $33.88 on Tuesday. The company has a market capitalization of $390.20 million, a P/E ratio of 13.89 and a beta of 0.57. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $37.28. The business has a 50 day simple moving average of $33.88 and a 200-day simple moving average of $31.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $45.59 million during the quarter, compared to the consensus estimate of $29.40 million. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, equities analysts anticipate that Guaranty Bancshares will post 2.4 EPS for the current year.

Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, September 30th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 39.34%.

Insider Transactions at Guaranty Bancshares

In other Guaranty Bancshares news, EVP William Travis Brown sold 750 shares of the stock in a transaction 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 completion of 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 legal filing with the SEC, which can be accessed through this link. In other Guaranty Bancshares news, EVP William Travis Brown sold 750 shares of the stock in a transaction 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 completion of 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 legal filing with the SEC, which can be accessed through this link. Also, Director James S. Bunch sold 5,643 shares of the stock in a transaction 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 of the company’s stock, valued at $5,176,323.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,190 shares of company stock worth $336,300 over the last 90 days. 26.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GNTY. Empowered Funds LLC boosted its stake in shares of Guaranty Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock valued at $657,000 after acquiring an additional 1,575 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in Guaranty Bancshares by 4.4% in the 2nd 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 during the period. BNP Paribas Financial Markets grew its holdings in Guaranty Bancshares by 97.2% in the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock valued at $124,000 after buying an additional 2,017 shares during the period. Vanguard Group Inc. grew its holdings in Guaranty Bancshares by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock valued at $13,003,000 after buying an additional 12,121 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Guaranty Bancshares by 21.9% in the 1st 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 during the period. Hedge funds and other institutional investors 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.