Keefe, Bruyette & Woods Boosts Guaranty Bancshares (NASDAQ:GNTY) Price Target to $40.00

Guaranty Bancshares (NASDAQ:GNTY) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $35.00 to $40.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.44% from the stock’s previous close.

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

Guaranty Bancshares Stock Performance

NASDAQ:GNTY traded up $0.28 during mid-day trading on Wednesday, hitting $36.55. 16,466 shares of the company traded hands, compared to its average volume of 18,108. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market cap of $417.55 million, a price-to-earnings ratio of 15.29 and a beta of 0.60. Guaranty Bancshares has a one year low of $27.01 and a one year high of $38.93. The stock’s fifty day moving average price is $34.77 and its 200-day moving average price is $32.77.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. The company had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. Research analysts anticipate that Guaranty Bancshares will post 2.46 earnings per share 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 dated Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the transaction, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at $3,436,020. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 26.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guaranty Bancshares

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Guaranty Bancshares by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock valued at $13,003,000 after acquiring an additional 12,121 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Guaranty Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock worth $11,227,000 after acquiring an additional 12,837 shares during the period. Geode Capital Management LLC grew its stake in shares of Guaranty Bancshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock worth $6,461,000 after buying an additional 2,896 shares in the last quarter. State Street Corp raised its holdings in shares of Guaranty Bancshares by 3.4% in the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock valued at $5,953,000 after purchasing an additional 5,680 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in Guaranty Bancshares by 4.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after acquiring an additional 5,247 shares during the period. 39.39% of the stock is currently owned by 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. 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.