Keefe, Bruyette & Woods Trims Guaranty Bancshares (NASDAQ:GNTY) Target Price to $34.00

Guaranty Bancshares (NASDAQ:GNTY) had its price target cut by Keefe, Bruyette & Woods from $35.00 to $34.00 in a research note released on Tuesday, Benzinga reports. They currently have a market perform rating on the stock.

GNTY has been the topic of several other reports. Piper Sandler decreased their target price on shares of Guaranty Bancshares from $34.00 to $30.00 and set a neutral rating on the stock in a research report on Tuesday. Stephens reiterated an overweight rating and issued a $36.00 price target on shares of Guaranty Bancshares in a report on Wednesday, January 17th.

Guaranty Bancshares Price Performance

GNTY stock opened at $28.30 on Tuesday. The stock has a market capitalization of $326.30 million, a price-to-earnings ratio of 11.60 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. Guaranty Bancshares has a 52-week low of $22.12 and a 52-week high of $35.00. The stock’s fifty day simple moving average is $29.68 and its 200-day simple moving average is $30.30.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Tuesday, January 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $28.61 million for the quarter, compared to analyst estimates of $27.65 million. Guaranty Bancshares had a return on equity of 8.74% and a net margin of 15.56%. During the same period last year, the company earned $1.05 EPS. Equities research analysts expect that Guaranty Bancshares will post 2.19 EPS for the current year.

Guaranty Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th were paid a $0.24 dividend. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, March 22nd. Guaranty Bancshares’s payout ratio is currently 39.34%.

Insider Transactions at Guaranty Bancshares

In other Guaranty Bancshares news, Director James S. Bunch purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the director now owns 166,000 shares of the company’s stock, valued at approximately $4,880,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.39% of the company’s stock.

Institutional Trading of Guaranty Bancshares

Several large investors have recently added to or reduced their stakes in GNTY. Leo Wealth LLC acquired a new position in shares of Guaranty Bancshares during the fourth quarter worth about $318,000. Vanguard Group Inc. lifted its position in Guaranty Bancshares by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 416,181 shares of the company’s stock worth $13,992,000 after acquiring an additional 9,777 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Guaranty Bancshares by 23.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,259 shares of the company’s stock worth $513,000 after acquiring an additional 2,926 shares in the last quarter. Barclays PLC boosted its holdings in Guaranty Bancshares by 78.8% in the 4th quarter. Barclays PLC now owns 22,247 shares of the company’s stock worth $748,000 after acquiring an additional 9,802 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Guaranty Bancshares by 9.0% in the fourth quarter. Nuveen Asset Management LLC now owns 18,381 shares of the company’s stock valued at $618,000 after acquiring an additional 1,517 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.