Keefe, Bruyette & Woods Issues Positive Forecast for Guaranty Bancshares (NASDAQ:GNTY) Stock Price

Guaranty Bancshares (NASDAQ:GNTY) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $35.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.44% from the company’s current price.

Separately, Stephens boosted their target price on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd.

Guaranty Bancshares Stock Performance

Shares of NASDAQ GNTY traded up $0.28 during trading hours on Wednesday, reaching $36.55. 16,466 shares of the stock were exchanged, compared to its average volume of 18,108. 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 $38.93. The firm has a market capitalization of $417.55 million, a price-to-earnings ratio of 15.29 and a beta of 0.60. The stock’s fifty day simple moving average is $34.77 and its 200 day simple moving average is $32.77.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The firm 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 earned $0.54 earnings per share. Sell-side analysts predict that Guaranty Bancshares will post 2.46 EPS for the current year.

Insider Buying and Selling at Guaranty Bancshares

In other news, CEO Tyson T. Abston sold 7,000 shares of Guaranty Bancshares stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the transaction, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at approximately $3,436,020. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 26.39% of the stock is owned by corporate insiders.

Institutional Trading of Guaranty Bancshares

Hedge funds have recently modified their holdings of the company. MGB Wealth Management LLC acquired a new position in shares of Guaranty Bancshares in the third quarter valued at approximately $631,000. FCG Investment Co bought a new position in shares of Guaranty Bancshares during the third quarter valued at $1,549,000. Vanguard Group Inc. boosted its stake in shares of Guaranty Bancshares by 2.9% in the first quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock worth $13,003,000 after acquiring an additional 12,121 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Guaranty Bancshares by 4.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after purchasing an additional 5,247 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Guaranty Bancshares by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after acquiring an additional 1,294 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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. 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.