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

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

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

Guaranty Bancshares Trading Down 0.3 %

NASDAQ:GNTY opened at $27.64 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $318.69 million, a PE ratio of 11.33 and a beta of 0.53. The firm’s 50 day moving average is $29.69 and its 200 day moving average is $30.32. Guaranty Bancshares has a 12 month low of $22.12 and a 12 month high of $35.00.

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

Insider Buying and Selling at Guaranty Bancshares

In other news, Director James S. Bunch purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $29.40 per share, with a total value of $29,400.00. Following the completion of the acquisition, the director now owns 166,000 shares in the company, valued at approximately $4,880,400. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 26.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Leo Wealth LLC bought a new position in shares of Guaranty Bancshares in the fourth quarter worth $318,000. Vanguard Group Inc. increased 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 period. Goldman Sachs Group Inc. increased its holdings in shares of Guaranty Bancshares by 23.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,259 shares of the company’s stock worth $513,000 after purchasing an additional 2,926 shares during the period. Barclays PLC increased its holdings in shares of Guaranty Bancshares by 78.8% in the fourth quarter. Barclays PLC now owns 22,247 shares of the company’s stock worth $748,000 after purchasing an additional 9,802 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Guaranty Bancshares by 9.0% in the fourth quarter. Nuveen Asset Management LLC now owns 18,381 shares of the company’s stock worth $618,000 after purchasing an additional 1,517 shares during the period. Institutional investors own 39.39% 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. 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.