Guaranty Bancshares (NASDAQ:GNTY) Given New $42.00 Price Target at Keefe, Bruyette & Woods

Guaranty Bancshares (NASDAQ:GNTY) had its price target raised by Keefe, Bruyette & Woods from $40.00 to $42.00 in a report issued on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

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

Guaranty Bancshares Stock Performance

GNTY stock opened at $41.49 on Wednesday. Guaranty Bancshares has a 1-year low of $27.01 and a 1-year high of $41.66. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market cap of $473.86 million, a PE ratio of 17.36 and a beta of 0.61. The business’s 50-day moving average price is $35.86 and its two-hundred day moving average price is $34.28.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping 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 last year, the firm posted $0.54 earnings per share. As a group, research analysts forecast that Guaranty Bancshares will post 2.46 earnings per share for the current year.

Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.31%. Guaranty Bancshares’s dividend payout ratio is currently 40.17%.

Insider Activity at Guaranty Bancshares

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GNTY. SG Americas Securities LLC acquired a new stake in Guaranty Bancshares in the 4th quarter valued at $122,000. MGB Wealth Management LLC bought a new position in shares of Guaranty Bancshares in the 3rd quarter valued at about $631,000. JPMorgan Chase & Co. increased its position in shares of Guaranty Bancshares by 356.4% in the third quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after acquiring an additional 18,015 shares during the last quarter. Barclays PLC raised its holdings in Guaranty Bancshares by 75.4% during the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after acquiring an additional 10,299 shares in the last quarter. Finally, Zacks Investment Management bought a new position in Guaranty Bancshares in the third quarter valued at approximately $1,323,000. Institutional investors and hedge funds 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.