Guaranty Bancshares (NASDAQ:GNTY) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Guaranty Bancshares (NASDAQ:GNTY) had its price target upped by stock analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 2.07% from the company’s current price.

Separately, Stephens raised their price target on 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 Down 0.4 %

NASDAQ:GNTY opened at $41.15 on Wednesday. The stock has a fifty day simple moving average of $35.96 and a 200-day simple moving average of $34.32. 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 company has a market cap of $469.91 million, a price-to-earnings ratio of 14.96 and a beta of 0.61. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $42.15.

Guaranty Bancshares (NASDAQ:GNTY) last issued its 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 net margin of 17.15% and a return on equity of 10.13%. The business had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. During the same period last year, the company posted $0.54 earnings per share. Analysts anticipate that Guaranty Bancshares will post 2.49 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction 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. This represents a 6.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 26.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guaranty Bancshares

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Guaranty Bancshares during the 4th quarter worth approximately $122,000. MGB Wealth Management LLC purchased a new position in Guaranty Bancshares in the 3rd quarter worth $631,000. JPMorgan Chase & Co. grew its stake in Guaranty Bancshares by 356.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after purchasing an additional 18,015 shares during the last quarter. Barclays PLC increased its holdings in shares of Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after purchasing an additional 10,299 shares during the period. Finally, Zacks Investment Management purchased a new stake in Guaranty Bancshares in the third quarter valued at approximately $1,323,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.