Guaranty Bancshares (NASDAQ:GNTY) PT Lowered to $30.00

Guaranty Bancshares (NASDAQ:GNTY) had its price target dropped by equities researchers at Piper Sandler from $34.00 to $30.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential upside of 8.54% from the stock’s previous close.

Separately, Stephens restated an “overweight” rating and set a $36.00 target price on shares of Guaranty Bancshares in a research report on Wednesday, January 17th.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY opened at $27.64 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a fifty day moving average price of $29.69 and a 200 day moving average price of $30.32. Guaranty Bancshares has a fifty-two week low of $22.12 and a fifty-two week high of $35.00. The firm has a market cap of $318.69 million, a price-to-earnings ratio of 11.33 and a beta of 0.53.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, January 16th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Guaranty Bancshares had a net margin of 15.56% and a return on equity of 8.74%. The firm had revenue of $28.61 million during the quarter, compared to analyst estimates of $27.65 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. As a group, sell-side analysts expect that Guaranty Bancshares will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Guaranty Bancshares

In other Guaranty Bancshares news, Director James S. Bunch purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $29.40 per share, with a total value of $29,400.00. Following the completion of the purchase, the director now directly owns 166,000 shares in the company, valued at $4,880,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Guaranty Bancshares by 8.5% in the second quarter. BlackRock Inc. now owns 590,321 shares of the company’s stock worth $15,986,000 after purchasing an additional 46,267 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Guaranty Bancshares by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 416,181 shares of the company’s stock worth $13,992,000 after purchasing an additional 9,777 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Guaranty Bancshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 331,502 shares of the company’s stock worth $11,145,000 after purchasing an additional 12,470 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in Guaranty Bancshares by 1,436.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 164,211 shares of the company’s stock worth $5,521,000 after acquiring an additional 153,525 shares in the last quarter. Finally, State Street Corp grew its holdings in Guaranty Bancshares by 0.7% during the 2nd quarter. State Street Corp now owns 163,179 shares of the company’s stock worth $4,457,000 after acquiring an additional 1,129 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

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.