Guaranty Bancshares (NASDAQ:GNTY) Given a $33.00 Price Target by Stephens Analysts

Stephens set a $33.00 target price on Guaranty Bancshares (NASDAQ:GNTY) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Guaranty Bancshares from a strong sell rating to a sell rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded Guaranty Bancshares from a sell rating to a hold rating in a research note on Wednesday, April 10th. Finally, Piper Jaffray Companies initiated coverage on Guaranty Bancshares in a research note on Monday. They issued a neutral rating and a $32.00 target price on the stock.

Shares of NASDAQ GNTY traded down $0.04 during midday trading on Wednesday, reaching $30.74. The company’s stock had a trading volume of 816 shares, compared to its average volume of 24,155. Guaranty Bancshares has a 12-month low of $24.27 and a 12-month high of $36.30. The company has a market capitalization of $358.41 million, a PE ratio of 16.62 and a beta of -0.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.25.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Tuesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Guaranty Bancshares had a return on equity of 9.22% and a net margin of 19.63%. The business had revenue of $22.57 million during the quarter. As a group, research analysts expect that Guaranty Bancshares will post 2.18 EPS for the current fiscal year.

In related news, Director James S. Bunch purchased 5,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $27.01 per share, with a total value of $135,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 22.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Guaranty Bancshares by 181.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,337 shares of the company’s stock worth $1,590,000 after buying an additional 34,379 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Guaranty Bancshares by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 277,762 shares of the company’s stock valued at $8,396,000 after acquiring an additional 25,723 shares during the last quarter. RMB Capital Management LLC boosted its holdings in shares of Guaranty Bancshares by 14.4% in the 1st quarter. RMB Capital Management LLC now owns 198,275 shares of the company’s stock valued at $5,794,000 after acquiring an additional 25,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Guaranty Bancshares by 22.8% in the 1st quarter. Renaissance Technologies LLC now owns 64,127 shares of the company’s stock valued at $1,874,000 after acquiring an additional 11,927 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Guaranty Bancshares by 2.5% in the 4th quarter. BlackRock Inc. now owns 386,344 shares of the company’s stock valued at $11,521,000 after acquiring an additional 9,515 shares during the last quarter. 21.56% of the stock is currently owned by institutional investors and hedge funds.

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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

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