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

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

Several other equities research analysts also recently commented on the stock. Stephens restated an overweight rating and issued a $36.00 price target on shares of Guaranty Bancshares in a research report on Wednesday, January 17th. Piper Sandler decreased their target price on Guaranty Bancshares from $34.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday.

Guaranty Bancshares Stock Performance

GNTY opened at $28.30 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. The firm has a market cap of $326.30 million, a PE ratio of 11.60 and a beta of 0.53. The business has a fifty day simple moving average of $29.68 and a 200-day simple moving average of $30.30. Guaranty Bancshares has a fifty-two week low of $22.12 and a fifty-two week high of $35.00.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Tuesday, January 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Guaranty Bancshares had a return on equity of 8.74% and a net margin of 15.56%. The firm had revenue of $28.61 million for the quarter, compared to the consensus estimate of $27.65 million. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, equities analysts predict that Guaranty Bancshares will post 2.19 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

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

Insider Buying and Selling at Guaranty Bancshares

In related news, Director James S. Bunch purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $29.40 per share, with a total value of $29,400.00. Following the completion of the purchase, the director now owns 166,000 shares of the company’s stock, valued at approximately $4,880,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Guaranty Bancshares by 313.6% during the 4th quarter. Lazard Asset Management LLC now owns 790 shares of the company’s stock worth $27,000 after purchasing an additional 599 shares in the last quarter. Citigroup Inc. raised its position in Guaranty Bancshares by 777.1% during the first quarter. Citigroup Inc. now owns 1,456 shares of the company’s stock valued at $41,000 after acquiring an additional 1,290 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Guaranty Bancshares by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,601 shares of the company’s stock valued at $55,000 after acquiring an additional 476 shares during the last quarter. UBS Group AG bought a new stake in Guaranty Bancshares in the fourth quarter worth approximately $78,000. Finally, Deutsche Bank AG increased its stake in shares of Guaranty Bancshares by 108.2% during the 3rd quarter. Deutsche Bank AG now owns 3,165 shares of the company’s stock worth $91,000 after purchasing an additional 1,645 shares during the last quarter. Hedge funds and other 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.