Zacks Investment Research Downgrades Guaranty Bancshares (GNTY) to Sell

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Guaranty Bancshares (NASDAQ:GNTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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 brokerages also recently issued reports on GNTY. Stephens reaffirmed a “buy” rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, January 22nd. BidaskClub downgraded Guaranty Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st.

Shares of GNTY opened at $31.13 on Tuesday. Guaranty Bancshares has a 52-week low of $28.24 and a 52-week high of $37.36. The firm has a market capitalization of $355.98 million, a price-to-earnings ratio of 16.83 and a beta of 0.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.92 and a quick ratio of 0.91.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, January 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Guaranty Bancshares had a return on equity of 9.38% and a net margin of 19.85%. The business had revenue of $23.03 million during the quarter. On average, sell-side analysts forecast that Guaranty Bancshares will post 2.24 EPS for the current fiscal year.

In other Guaranty Bancshares news, Director Richard W. Baker acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was purchased at an average cost of $30.00 per share, with a total value of $3,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Randall R. Kucera sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $30.19, for a total value of $30,190.00. The disclosure for this sale can be found here. 22.57% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Guaranty Bancshares by 2.5% during 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 period. Vanguard Group Inc. boosted its holdings in Guaranty Bancshares by 10.2% during 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 period. Vanguard Group Inc boosted its holdings in Guaranty Bancshares by 10.2% during 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 period. Geode Capital Management LLC boosted its holdings in Guaranty Bancshares by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 98,832 shares of the company’s stock valued at $2,947,000 after acquiring an additional 4,030 shares during the period. Finally, Northern Trust Corp boosted its holdings in Guaranty Bancshares by 1.7% during the 4th quarter. Northern Trust Corp now owns 73,234 shares of the company’s stock valued at $2,184,000 after acquiring an additional 1,203 shares during the period. Institutional investors own 22.02% of the company’s stock.

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, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.

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