Guaranty Bancshares (NASDAQ:GNTY) PT Lowered to $30.00 at Piper Sandler

Guaranty Bancshares (NASDAQ:GNTY) had its price objective cut by Piper Sandler from $34.00 to $30.00 in a report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Stephens reiterated an overweight rating and issued a $36.00 price objective on shares of Guaranty Bancshares in a report on Wednesday, January 17th.

Guaranty Bancshares Trading Down 3.3 %

Guaranty Bancshares stock opened at $27.82 on Tuesday. The company’s fifty day simple moving average is $29.72 and its 200-day simple moving average is $30.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. Guaranty Bancshares has a 12 month low of $22.12 and a 12 month high of $35.00. The stock has a market cap of $320.76 million, a P/E ratio of 10.91 and a beta of 0.53.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Tuesday, January 16th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. Guaranty Bancshares had a net margin of 16.79% and a return on equity of 9.87%. The business had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $27.65 million. During the same period in the previous year, the company posted $1.05 EPS. As a group, sell-side analysts forecast that Guaranty Bancshares will post 2.2 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.45%. Guaranty Bancshares’s dividend payout ratio is currently 37.65%.

Insider Buying and Selling

In other Guaranty Bancshares news, Director James S. Bunch acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $29.40 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the director now owns 166,000 shares of the company’s stock, valued at approximately $4,880,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GNTY. MetLife Investment Management LLC lifted its position in Guaranty Bancshares by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock worth $160,000 after acquiring an additional 1,657 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Guaranty Bancshares by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 229,637 shares of the company’s stock worth $8,038,000 after acquiring an additional 13,821 shares during the last quarter. Renaissance Technologies LLC lifted its position in Guaranty Bancshares by 6.0% during the 1st quarter. Renaissance Technologies LLC now owns 58,569 shares of the company’s stock worth $2,050,000 after acquiring an additional 3,300 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Guaranty Bancshares by 28.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,663 shares of the company’s stock worth $1,003,000 after acquiring an additional 6,402 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Guaranty Bancshares by 7.7% during the 2nd quarter. Rhumbline Advisers now owns 11,688 shares of the company’s stock worth $424,000 after acquiring an additional 832 shares during 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.