Zacks Investment Research lowered shares of Guaranty Bancshares (NASDAQ:GNTY) from a hold rating to a sell rating in a report published on Monday, September 17th.
According to Zacks, “Guaranty Bancshares, Inc. is a bank holding company that derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bank, a Texas state bank with banking offices located in the Texas communities. The company adheres to a community banking philosophy focused on servicing and investing in the communities that comprise its market. The company emphasizes service-oriented, convenient, relationship banking, featuring individualized, quality customer service, extended banking hours and accessible locations. “
GNTY has been the subject of a number of other reports. BidaskClub raised shares of Guaranty Bancshares from a strong sell rating to a sell rating in a research note on Wednesday, September 5th. Stephens reissued a hold rating and issued a $36.00 price objective on shares of Guaranty Bancshares in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Guaranty Bancshares presently has an average rating of Hold and a consensus price target of $35.33.
Shares of NASDAQ:GNTY traded down $0.70 on Monday, reaching $29.30. The company’s stock had a trading volume of 33,750 shares, compared to its average volume of 23,570. Guaranty Bancshares has a 52-week low of $28.00 and a 52-week high of $37.36. The stock has a market capitalization of $361.57 million, a P/E ratio of 18.78 and a beta of -0.04. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.56.
Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Tuesday, July 24th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). Guaranty Bancshares had a return on equity of 8.45% and a net margin of 17.33%. The business had revenue of $20.38 million during the quarter. On average, analysts expect that Guaranty Bancshares will post 1.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Wednesday, September 26th were paid a $0.15 dividend. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, September 25th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 38.46%.
In other news, Director James S. Bunch purchased 3,714 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was purchased at an average cost of $32.86 per share, with a total value of $122,042.04. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Kirk L. Lee sold 1,802 shares of Guaranty Bancshares stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $33.01, for a total transaction of $59,484.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,203 shares of company stock valued at $226,270. 22.57% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in GNTY. Russell Investments Group Ltd. purchased a new position in shares of Guaranty Bancshares during the 2nd quarter worth about $112,000. Icon Wealth Partners LLC purchased a new position in shares of Guaranty Bancshares during the 2nd quarter worth about $128,000. MetLife Investment Advisors LLC purchased a new position in shares of Guaranty Bancshares during the 1st quarter worth about $132,000. American International Group Inc. lifted its holdings in Guaranty Bancshares by 260.7% during the 1st quarter. American International Group Inc. now owns 5,046 shares of the company’s stock valued at $168,000 after buying an additional 3,647 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Guaranty Bancshares by 1,087.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,423 shares of the company’s stock valued at $214,000 after buying an additional 5,882 shares in the last quarter. 20.99% of the stock is owned by hedge funds and other institutional investors.
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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