Guaranty Bancshares (NASDAQ:GNTY) PT Lowered to $34.00

Guaranty Bancshares (NASDAQ:GNTY) had its price target decreased by Keefe, Bruyette & Woods from $35.00 to $34.00 in a report published on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. Stephens reaffirmed an overweight rating and set a $36.00 target price on shares of Guaranty Bancshares in a research note on Wednesday, January 17th. Piper Sandler cut their price objective on Guaranty Bancshares from $34.00 to $30.00 and set a neutral rating on the stock in a research report on Tuesday.

Guaranty Bancshares Trading Down 3.3 %

Shares of GNTY 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 market cap of $320.76 million, a P/E ratio of 10.91 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. Guaranty Bancshares has a twelve month low of $22.12 and a twelve month high of $35.00.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Tuesday, January 16th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analyst estimates of $27.65 million. Guaranty Bancshares had a net margin of 16.79% and a return on equity of 9.87%. During the same period in the prior year, the company posted $1.05 EPS. As a group, analysts expect that Guaranty Bancshares will post 2.2 EPS for the current year.

Guaranty Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Monday, March 25th were paid a $0.24 dividend. This is an increase 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%. The ex-dividend date of this dividend was Friday, March 22nd. Guaranty Bancshares’s dividend payout ratio is currently 37.65%.

Insider Transactions at Guaranty Bancshares

In other news, Director James S. Bunch purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price 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 $4,880,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.39% of the company’s stock.

Hedge Funds Weigh In On Guaranty Bancshares

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Guaranty Bancshares by 8.5% during the 2nd quarter. BlackRock Inc. now owns 590,321 shares of the company’s stock worth $15,986,000 after acquiring an additional 46,267 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Guaranty Bancshares by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 416,181 shares of the company’s stock valued at $13,992,000 after purchasing an additional 9,777 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Guaranty Bancshares by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 331,502 shares of the company’s stock valued at $11,145,000 after purchasing an additional 12,470 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Guaranty Bancshares by 1,436.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 164,211 shares of the company’s stock valued at $5,521,000 after purchasing an additional 153,525 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Guaranty Bancshares by 0.7% in the 2nd quarter. State Street Corp now owns 163,179 shares of the company’s stock valued at $4,457,000 after purchasing an additional 1,129 shares in 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.