Guaranty Bancshares (NASDAQ:GNTY) Downgraded by BidaskClub

BidaskClub cut shares of Guaranty Bancshares (NASDAQ:GNTY) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

GNTY has been the topic of a number of other reports. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Piper Jaffray Companies set a $40.00 price target on Tapestry and gave the stock a buy rating in a research note on Monday, June 10th. Zacks Investment Research raised Investar from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Tuesday, June 4th. Finally, Stephens set a $67.00 price target on Aaron’s and gave the stock a buy rating in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $32.50.

NASDAQ:GNTY traded up $0.37 during mid-day trading on Tuesday, reaching $31.10. The stock had a trading volume of 5,250 shares, compared to its average volume of 17,380. The company has a 50 day moving average price of $30.48. The company has a market capitalization of $359.70 million, a PE ratio of 16.81 and a beta of 0.03. Guaranty Bancshares has a one year low of $24.27 and a one year high of $33.84. 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 released its earnings results on Tuesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The firm had revenue of $22.57 million during the quarter. Guaranty Bancshares had a return on equity of 9.22% and a net margin of 19.63%. Equities research analysts anticipate that Guaranty Bancshares will post 2.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 36.76%.

In other Guaranty Bancshares news, Director James S. Bunch bought 5,000 shares of Guaranty Bancshares stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of $27.01 per share, with a total value of $135,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Guaranty Bancshares by 2.5% during the fourth quarter. BlackRock Inc. now owns 386,344 shares of the company’s stock valued at $11,521,000 after buying an additional 9,515 shares during the period. Rhumbline Advisers increased its stake in shares of Guaranty Bancshares by 43.4% during the fourth quarter. Rhumbline Advisers now owns 10,992 shares of the company’s stock valued at $328,000 after buying an additional 3,326 shares during the period. Bessemer Group Inc. increased its stake in shares of Guaranty Bancshares by 10.4% during the fourth quarter. Bessemer Group Inc. now owns 12,700 shares of the company’s stock valued at $379,000 after buying an additional 1,200 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Guaranty Bancshares by 17.8% during the fourth quarter. Bank of New York Mellon Corp now owns 42,933 shares of the company’s stock valued at $1,280,000 after purchasing an additional 6,479 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Guaranty Bancshares by 1.7% during the fourth quarter. Northern Trust Corp now owns 73,234 shares of the company’s stock valued at $2,184,000 after purchasing an additional 1,203 shares in the last quarter. 21.56% of the stock is currently owned by hedge funds and other institutional investors.

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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