Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) had its target price lifted by analysts at Keefe, Bruyette & Woods from $42.00 to $43.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 8.86% from the company's previous close.
Guaranty Bancshares Price Performance
Shares of GNTY stock opened at $39.50 on Tuesday. The firm's 50 day moving average price is $39.68 and its two-hundred day moving average price is $37.43. The stock has a market cap of $448.40 million, a PE ratio of 14.36 and a beta of 0.49. 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 has a 52-week low of $27.01 and a 52-week high of $42.95.
Institutional Investors Weigh In On Guaranty Bancshares
Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of Guaranty Bancshares by 2.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company's stock valued at $576,000 after purchasing an additional 362 shares in the last quarter. Rhumbline Advisers grew its stake in Guaranty Bancshares by 3.8% in the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock valued at $402,000 after acquiring an additional 428 shares during the period. Picton Mahoney Asset Management bought a new position in shares of Guaranty Bancshares in the 4th quarter worth $30,000. Wells Fargo & Company MN lifted its stake in shares of Guaranty Bancshares by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock valued at $160,000 after buying an additional 967 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Guaranty Bancshares by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock valued at $1,457,000 after purchasing an additional 1,180 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.
Guaranty Bancshares Company Profile
(
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.
Further Reading
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