Guaranty Bancshares (NASDAQ:GNTY) Given New $40.00 Price Target at Keefe, Bruyette & Woods

Guaranty Bancshares (NASDAQ:GNTY) had its price target boosted by equities researchers at Keefe, Bruyette & Woods from $35.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 8.46% from the stock’s current price.

Separately, Stephens raised their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd.

Guaranty Bancshares Stock Down 0.9 %

GNTY opened at $36.88 on Wednesday. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $38.93. The firm has a market cap of $421.17 million, a price-to-earnings ratio of 15.43 and a beta of 0.60. The firm’s 50-day simple moving average is $34.90 and its 200-day simple moving average is $32.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $45.59 million for the quarter, compared to analysts’ expectations of $29.40 million. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities research analysts anticipate that Guaranty Bancshares will post 2.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tyson T. Abston sold 7,000 shares of Guaranty Bancshares stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at approximately $3,436,020. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guaranty Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Guaranty Bancshares by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock valued at $13,003,000 after purchasing an additional 12,121 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Guaranty Bancshares by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock worth $11,227,000 after buying an additional 12,837 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Guaranty Bancshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock valued at $6,461,000 after buying an additional 2,896 shares during the period. State Street Corp boosted its stake in Guaranty Bancshares by 3.4% in the third quarter. State Street Corp now owns 171,966 shares of the company’s stock valued at $5,953,000 after acquiring an additional 5,680 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in Guaranty Bancshares by 4.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock worth $3,932,000 after acquiring an additional 5,247 shares during the period. Institutional investors own 39.39% 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. The company offers checking and savings, money market, and business accounts, as well as certificates of deposit; and commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland, agricultural, multi-family residential, and consumer loans.