Guaranty Bancshares (GNTY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a hold rating to a sell rating in a report published on Monday morning.

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. “

A number of other equities research analysts have also recently weighed in on the company. Stephens restated a hold rating and issued a $32.00 price target on shares of Guaranty Bancshares in a report on Tuesday, October 23rd. BidaskClub upgraded Guaranty Bancshares from a strong sell rating to a sell rating in a report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $34.00.

GNTY opened at $29.95 on Monday. The company has a market capitalization of $351.32 million and a P/E ratio of 19.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.92. Guaranty Bancshares has a 1-year low of $28.34 and a 1-year high of $37.36.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The firm had revenue of $21.78 million during the quarter. Guaranty Bancshares had a return on equity of 8.71% and a net margin of 17.35%. As a group, equities research analysts forecast that Guaranty Bancshares will post 1.86 earnings per share for the current fiscal year.

In related news, Director James S. Bunch bought 3,714 shares of the stock in a transaction on Thursday, September 13th. The shares were purchased at an average price of $32.86 per share, for a total transaction of $122,042.04. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Kirk L. Lee sold 5,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $33.10, for a total value of $165,500.00. The disclosure for this sale can be found here. Corporate insiders own 22.57% of the company’s stock.

A number of large investors have recently made changes to their positions in GNTY. Acadian Asset Management LLC grew its holdings in Guaranty Bancshares by 161.9% during the 2nd quarter. Acadian Asset Management LLC now owns 22,368 shares of the company’s stock valued at $737,000 after buying an additional 13,828 shares during the last quarter. First Trust Advisors LP acquired a new stake in Guaranty Bancshares during the 2nd quarter valued at $515,000. Rice Hall James & Associates LLC grew its holdings in Guaranty Bancshares by 10.5% during the 2nd quarter. Rice Hall James & Associates LLC now owns 53,950 shares of the company’s stock valued at $1,777,000 after buying an additional 5,120 shares during the last quarter. Rhumbline Advisers acquired a new stake in Guaranty Bancshares during the 2nd quarter valued at $241,000. Finally, Bank of New York Mellon Corp grew its holdings in Guaranty Bancshares by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,011 shares of the company’s stock valued at $1,054,000 after buying an additional 4,839 shares during the last quarter. Hedge funds and other institutional investors own 22.18% 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. 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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