Hennessy Advisors Inc. decreased its holdings in shares of Guaranty Bancshares (NASDAQ:GNTY) by 30.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the company’s stock after selling 15,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.32% of Guaranty Bancshares worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Banc Funds Co. LLC increased its holdings in shares of Guaranty Bancshares by 8.1% in the fourth quarter. Banc Funds Co. LLC now owns 135,100 shares of the company’s stock worth $4,141,000 after purchasing an additional 10,100 shares during the period. Thomson Horstmann & Bryant Inc. grew its position in Guaranty Bancshares by 16.4% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 182,100 shares of the company’s stock worth $5,581,000 after acquiring an additional 25,619 shares in the last quarter. Asset Dedication LLC purchased a new position in Guaranty Bancshares in the fourth quarter worth $1,802,000. Bank of New York Mellon Corp purchased a new position in Guaranty Bancshares in the fourth quarter worth $456,000. Finally, Wells Fargo & Company MN grew its position in Guaranty Bancshares by 4,856.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,138 shares of the company’s stock worth $219,000 after acquiring an additional 6,994 shares in the last quarter. 21.21% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:GNTY opened at $32.84 on Tuesday. Guaranty Bancshares has a 52 week low of $32.44 and a 52 week high of $32.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $363.29 million, a PE ratio of 20.92 and a beta of -0.01.
Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $19.04 million during the quarter. Guaranty Bancshares had a return on equity of 8.23% and a net margin of 17.30%. equities analysts predict that Guaranty Bancshares will post 2.04 earnings per share for the current fiscal year.
Several analysts have issued reports on GNTY shares. BidaskClub lowered shares of Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday. ValuEngine downgraded shares of Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Zacks Investment Research downgraded shares of Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Sandler O’Neill reissued a “hold” rating and issued a $33.00 price target on shares of Guaranty Bancshares in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Guaranty Bancshares has an average rating of “Hold” and an average target price of $34.67.
In other news, President Kirk L. Lee sold 4,766 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 22.57% of the stock is owned by company insiders.
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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