Keefe, Bruyette & Woods Begins Coverage on Guaranty Bancshares (NASDAQ:GNTY)

Keefe, Bruyette & Woods initiated coverage on shares of Guaranty Bancshares (NASDAQ:GNTY) in a report published on Thursday, Briefing.com Automated Import reports. The brokerage issued a market perform rating and a $33.00 price target on the stock.

Several other equities research analysts also recently weighed in on GNTY. TheStreet raised shares of Guaranty Bancshares from a c+ rating to a b rating in a research report on Friday, September 20th. Stephens set a $33.00 price target on shares of Guaranty Bancshares and gave the company a buy rating in a research report on Wednesday, June 12th. ValuEngine raised shares of Guaranty Bancshares from a sell rating to a hold rating in a research report on Monday, July 29th. BidaskClub downgraded shares of Guaranty Bancshares from a hold rating to a sell rating in a research report on Friday, September 20th. Finally, Zacks Investment Research raised shares of Guaranty Bancshares from a sell rating to a hold rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $32.67.

Shares of GNTY traded down $0.07 on Thursday, hitting $29.98. 4,638 shares of the stock traded hands, compared to its average volume of 19,683. The company has a market capitalization of $347.26 million, a PE ratio of 16.21 and a beta of 0.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day simple moving average of $30.29 and a 200 day simple moving average of $29.75. Guaranty Bancshares has a one year low of $24.27 and a one year high of $32.54.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $23.40 million for the quarter, compared to the consensus estimate of $23.70 million. Guaranty Bancshares had a net margin of 20.05% and a return on equity of 9.46%. On average, equities analysts expect that Guaranty Bancshares will post 2.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 25th. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.17. Guaranty Bancshares’s payout ratio is 38.92%.

In other Guaranty Bancshares news, VP Randall R. Kucera sold 2,000 shares of Guaranty Bancshares stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $31.73, for a total value of $63,460.00. Insiders own 22.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Guaranty Bancshares by 20.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,261 shares of the company’s stock worth $70,000 after purchasing an additional 384 shares during the period. LSV Asset Management purchased a new position in shares of Guaranty Bancshares during the 2nd quarter worth $160,000. Russell Investments Group Ltd. boosted its stake in shares of Guaranty Bancshares by 9.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,999 shares of the company’s stock worth $218,000 after acquiring an additional 580 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Guaranty Bancshares by 6.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,888 shares of the company’s stock worth $620,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Guaranty Bancshares by 52.8% during the 2nd quarter. Bessemer Group Inc. now owns 21,700 shares of the company’s stock worth $676,000 after acquiring an additional 7,500 shares during the last quarter. 21.97% of the stock is owned by institutional investors and hedge funds.

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

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