Stephens Increases Guaranty Bancshares (NASDAQ:GNTY) Price Target to $40.00

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) had its price target boosted by Stephens from $38.00 to $40.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Stephens' target price would indicate a potential upside of 18.76% from the stock's current price.

Separately, Keefe, Bruyette & Woods lifted their target price on Guaranty Bancshares from $34.00 to $35.00 and gave the company a "market perform" rating in a report on Tuesday, July 16th.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY traded up $1.15 during midday trading on Tuesday, hitting $33.68. The company had a trading volume of 9,431 shares, compared to its average volume of 17,933. Guaranty Bancshares has a twelve month low of $26.87 and a twelve month high of $37.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $387.89 million, a price-to-earnings ratio of 13.73 and a beta of 0.57. The business's 50-day simple moving average is $33.70 and its 200-day simple moving average is $31.46.

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. The business had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. During the same period last year, the business posted $0.54 earnings per share. On average, research analysts predict that Guaranty Bancshares will post 2.4 earnings per share for the current year.

Insider Transactions at Guaranty Bancshares

In other news, CEO Tyson T. Abston sold 2,500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now owns 69,953 shares in the company, valued at $2,378,402. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the completion of the transaction, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tyson T. Abston sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the chief executive officer now directly owns 69,953 shares in the company, valued at $2,378,402. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,190 shares of company stock worth $336,300. Company insiders own 26.39% of the company's stock.

Institutional Investors Weigh In On Guaranty Bancshares

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in Guaranty Bancshares by 97.2% during the first quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company's stock valued at $124,000 after buying an additional 2,017 shares in the last quarter. Empowered Funds LLC lifted its position in Guaranty Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 21,633 shares of the company's stock valued at $657,000 after buying an additional 1,575 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company's stock valued at $1,460,000 after buying an additional 1,294 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Guaranty Bancshares by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company's stock valued at $2,045,000 after buying an additional 12,111 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in Guaranty Bancshares by 4.4% during the second quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company's stock valued at $3,932,000 after buying an additional 5,247 shares in the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.