Guaranty Bancshares (NASDAQ:GNTY) Given New $42.00 Price Target at Keefe, Bruyette & Woods

Guaranty Bancshares (NASDAQ:GNTY) had its target price lifted by Keefe, Bruyette & Woods from $40.00 to $42.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, Stephens raised their price target on 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 Up 7.1 %

Shares of NASDAQ:GNTY opened at $41.49 on Wednesday. The company’s fifty day moving average is $35.86 and its 200-day moving average is $34.28. 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 $41.66. The company has a market capitalization of $473.86 million, a PE ratio of 17.36 and a beta of 0.61.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $29.40 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities research analysts predict that Guaranty Bancshares will post 2.46 earnings per share for the current fiscal year.

Guaranty Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Monday, December 30th. Guaranty Bancshares’s dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In other news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the transaction, the chief executive officer now owns 101,000 shares of the company’s stock, valued at $3,436,020. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 26.39% of the company’s stock.

Institutional Trading of Guaranty Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Guaranty Bancshares during the fourth quarter worth approximately $122,000. MGB Wealth Management LLC bought a new stake in shares of Guaranty Bancshares during the 3rd quarter valued at $631,000. JPMorgan Chase & Co. lifted its stake in shares of Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after purchasing an additional 18,015 shares during the period. Barclays PLC boosted its position in shares of Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after purchasing an additional 10,299 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Guaranty Bancshares during the third quarter worth $1,323,000. 39.39% of the stock is owned by institutional investors.

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.