Guaranty Bancshares (NASDAQ:GNTY - Free Report) had its price target boosted by Keefe, Bruyette & Woods from $40.00 to $42.00 in a report issued on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.
Separately, Stephens boosted their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd.
Check Out Our Latest Stock Analysis on GNTY
Guaranty Bancshares Trading Up 7.1 %
Shares of NASDAQ:GNTY traded up $2.73 during trading hours on Wednesday, hitting $41.49. 66,073 shares of the company's stock traded hands, compared to its average volume of 64,036. Guaranty Bancshares has a 1 year low of $27.01 and a 1 year high of $41.66. The business has a fifty day moving average price of $35.73 and a 200-day moving average price of $34.22. The firm has a market capitalization of $473.86 million, a P/E ratio of 17.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.
Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last announced its quarterly 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. The firm had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities analysts expect that Guaranty Bancshares will post 2.46 earnings per share for the current year.
Guaranty Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 30th were given a $0.24 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.96 annualized dividend and a yield of 2.31%. Guaranty Bancshares's dividend payout ratio is presently 40.17%.
Insider Activity
In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of Guaranty Bancshares stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $3,436,020. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.39% of the company's stock.
Institutional Trading of Guaranty Bancshares
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Guaranty Bancshares during the fourth quarter worth about $122,000. MGB Wealth Management LLC purchased a new stake in Guaranty Bancshares during the third quarter worth about $631,000. JPMorgan Chase & Co. boosted its holdings in Guaranty Bancshares by 356.4% during the third quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company's stock worth $793,000 after buying an additional 18,015 shares in the last quarter. Barclays PLC boosted 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 buying an additional 10,299 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in Guaranty Bancshares during the third quarter worth about $1,323,000. Hedge funds and other institutional investors own 39.39% of the company's stock.
About Guaranty Bancshares
(
Get Free Report)
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.
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