Guaranty Bancshares (NASDAQ:GNTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $35.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.31% from the company’s previous close.
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. “
Separately, BidaskClub upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.33.
Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, October 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $18.80 million for the quarter. Guaranty Bancshares had a net margin of 18.17% and a return on equity of 9.60%. sell-side analysts expect that Guaranty Bancshares will post 1.55 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. increased its stake in shares of Guaranty Bancshares by 16.4% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 182,100 shares of the company’s stock worth $5,581,000 after purchasing an additional 25,619 shares in the last quarter. Castine Capital Management LLC increased its stake in shares of Guaranty Bancshares by 4.7% in the 3rd quarter. Castine Capital Management LLC now owns 98,385 shares of the company’s stock worth $3,147,000 after purchasing an additional 4,399 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Guaranty Bancshares in the 3rd quarter worth $229,000. Hennessy Advisors Inc. increased its stake in shares of Guaranty Bancshares by 22.2% in the 3rd quarter. Hennessy Advisors Inc. now owns 55,000 shares of the company’s stock worth $1,759,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Guaranty Bancshares in the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 20.04% of the company’s stock.
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Guaranty Bancshares Company Profile
Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.
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