Guaranty Bancshares (GNTY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Guaranty Bancshares (NASDAQ:GNTY) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Guaranty Bancshares, Inc. is a bank holding company that derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bank, a Texas state bank with banking offices located in the Texas communities. The company adheres to a community banking philosophy focused on servicing and investing in the communities that comprise its market. The company emphasizes service-oriented, convenient, relationship banking, featuring individualized, quality customer service, extended banking hours and accessible locations. “

A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut Guaranty Bancshares from a hold rating to a sell rating in a research note on Wednesday, February 13th. Stephens restated a buy rating and issued a $34.00 price objective on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd.

NASDAQ GNTY opened at $29.33 on Tuesday. The firm has a market cap of $344.36 million, a PE ratio of 15.32 and a beta of 0.01. Guaranty Bancshares has a one year low of $24.27 and a one year high of $36.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Tuesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The business had revenue of $22.57 million for the quarter. Guaranty Bancshares had a return on equity of 9.22% and a net margin of 19.63%. As a group, sell-side analysts forecast that Guaranty Bancshares will post 2.22 EPS for the current fiscal year.

In other news, Director James S. Bunch acquired 5,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $27.01 per share, for a total transaction of $135,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Guaranty Bancshares by 13.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,454 shares of the company’s stock valued at $1,102,000 after buying an additional 4,443 shares in the last quarter. BlackRock Inc. grew its holdings in Guaranty Bancshares by 1.4% during the 3rd quarter. BlackRock Inc. now owns 376,829 shares of the company’s stock valued at $11,391,000 after buying an additional 5,026 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Guaranty Bancshares during the 3rd quarter valued at about $573,000. MetLife Investment Advisors LLC grew its holdings in Guaranty Bancshares by 53.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,119 shares of the company’s stock valued at $185,000 after buying an additional 2,143 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Guaranty Bancshares by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 277,762 shares of the company’s stock valued at $8,396,000 after buying an additional 25,723 shares in the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.

About Guaranty Bancshares

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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

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