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

Guaranty Bancshares (NASDAQ:GNTY) had its target price raised 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 currently has an “overweight” rating on the stock. Stephens’ target price would suggest a potential upside of 15.44% from the stock’s current price.

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

Guaranty Bancshares Stock Up 2.6 %

Guaranty Bancshares stock opened at $34.65 on Tuesday. Guaranty Bancshares has a 52 week low of $26.87 and a 52 week high of $37.28. The firm has a market cap of $399.06 million, a price-to-earnings ratio of 14.20 and a beta of 0.57. The business’s 50-day moving average price is $33.84 and its 200 day moving average price is $31.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling

In other news, Director James S. Bunch sold 5,643 shares of Guaranty Bancshares stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total value of $182,156.04. Following the sale, the director now owns 160,357 shares in the company, valued at $5,176,323.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Guaranty Bancshares 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 transaction of $25,312.50. Following the completion of the transaction, the executive vice president now owns 1,211 shares of the company’s stock, valued at $40,871.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Bunch sold 5,643 shares of Guaranty Bancshares 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 sale, the director now directly owns 160,357 shares in the company, valued at $5,176,323.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,190 shares of company stock valued at $336,300. 26.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTY. Dimensional Fund Advisors LP raised its position in shares of Guaranty Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock valued at $11,227,000 after buying an additional 12,837 shares during the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 12,121 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Guaranty Bancshares by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock worth $2,045,000 after purchasing an additional 12,111 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Guaranty Bancshares by 4.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock worth $3,932,000 after purchasing an additional 5,247 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Guaranty Bancshares by 97.2% during the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock worth $124,000 after purchasing an additional 2,017 shares during the last quarter. 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.