Guaranty Bancshares (GNTY) Given Hold Rating at Stephens

Stephens restated their hold rating on shares of Guaranty Bancshares (NASDAQ:GNTY) in a report released on Monday. They currently have a $36.00 target price on the stock.

GNTY has been the subject of several other reports. BidaskClub cut Guaranty Bancshares from a hold rating to a sell rating in a report on Tuesday, May 1st. Zacks Investment Research cut Guaranty Bancshares from a buy rating to a hold rating in a report on Thursday, March 22nd. Finally, ValuEngine raised Guaranty Bancshares from a hold rating to a buy rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Guaranty Bancshares presently has a consensus rating of Hold and an average price target of $35.33.

Shares of Guaranty Bancshares opened at $34.21 on Monday, Marketbeat reports. The firm has a market cap of $367.38 million, a P/E ratio of 21.16 and a beta of -0.01. Guaranty Bancshares has a 1 year low of $28.00 and a 1 year high of $37.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.38.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The firm had revenue of $19.04 million for the quarter. Guaranty Bancshares had a return on equity of 8.22% and a net margin of 17.30%. research analysts predict that Guaranty Bancshares will post 2.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Wednesday, June 27th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.64%. Guaranty Bancshares’s dividend payout ratio (DPR) is 35.90%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNTY. BlackRock Inc. raised its holdings in shares of Guaranty Bancshares by 239.6% in the first quarter. BlackRock Inc. now owns 329,913 shares of the company’s stock worth $10,989,000 after acquiring an additional 232,756 shares during the last quarter. RMB Capital Management LLC raised its holdings in shares of Guaranty Bancshares by 50.0% in the first quarter. RMB Capital Management LLC now owns 142,075 shares of the company’s stock worth $4,733,000 after acquiring an additional 47,365 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Guaranty Bancshares by 182.0% in the first quarter. Northern Trust Corp now owns 67,968 shares of the company’s stock worth $2,264,000 after acquiring an additional 43,866 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Guaranty Bancshares in the fourth quarter worth $456,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Guaranty Bancshares in the first quarter worth $454,000. 22.64% of the stock is owned by institutional investors.

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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.

Receive News & Ratings for Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply