Shares of Guaranty Bancshares (NASDAQ:GNTY) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $34.50 for the company, according to Zacks. Zacks has also assigned Guaranty Bancshares an industry rank of 123 out of 265 based on the ratings given to related companies.
Several research analysts have weighed in on GNTY shares. Zacks Investment Research upgraded shares of Guaranty Bancshares from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, March 28th. Sandler O’Neill restated a “hold” rating and set a $33.00 price objective on shares of Guaranty Bancshares in a report on Monday, January 29th. Finally, BidaskClub upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Monday, February 5th.
Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Friday, January 26th. The company reported $0.42 earnings per share for the quarter. Guaranty Bancshares had a net margin of 16.78% and a return on equity of 8.83%. The firm had revenue of $19.27 million for the quarter. equities analysts forecast that Guaranty Bancshares will post 2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Wednesday, March 28th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 27th. This represents a $0.56 annualized dividend and a yield of 1.66%. Guaranty Bancshares’s payout ratio is 35.90%.
In other Guaranty Bancshares news, President Kirk L. Lee sold 4,766 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $35.05, for a total transaction of $167,048.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.57% of the company’s stock.
Several hedge funds have recently made changes to their positions in GNTY. Northern Trust Corp purchased a new stake in shares of Guaranty Bancshares in the second quarter valued at about $735,000. Vanguard Group Inc. purchased a new stake in shares of Guaranty Bancshares in the second quarter valued at about $1,624,000. State Street Corp purchased a new stake in shares of Guaranty Bancshares in the second quarter valued at about $492,000. California State Teachers Retirement System purchased a new stake in shares of Guaranty Bancshares in the second quarter valued at about $115,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at about $229,000. Institutional investors own 21.63% of the company’s stock.
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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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.
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