Guaranty Bancshares (NASDAQ:GNTY) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Several other research firms also recently weighed in on GNTY. Zacks Investment Research downgraded Guaranty Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. Stephens reissued a “hold” rating and set a $36.00 price objective on shares of Guaranty Bancshares in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.33.

Shares of GNTY stock opened at $30.54 on Thursday. The firm has a market capitalization of $373.54 million, a price-to-earnings ratio of 19.58 and a beta of -0.05. Guaranty Bancshares has a fifty-two week low of $28.00 and a fifty-two week high of $37.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 0.90.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, July 24th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.07). The business had revenue of $20.38 million during the quarter. Guaranty Bancshares had a net margin of 17.33% and a return on equity of 8.45%. analysts forecast that Guaranty Bancshares will post 1.94 earnings per share for the current year.

In related news, President Kirk L. Lee sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.10, for a total transaction of $165,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James S. Bunch acquired 1,286 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were purchased at an average cost of $30.89 per share, for a total transaction of $39,724.54. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,203 shares of company stock worth $226,270. 22.57% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Icon Wealth Partners LLC acquired a new position in Guaranty Bancshares during the 2nd quarter worth about $128,000. Martingale Asset Management L P lifted its holdings in Guaranty Bancshares by 112.8% during the 2nd quarter. Martingale Asset Management L P now owns 29,804 shares of the company’s stock worth $982,000 after buying an additional 15,801 shares during the period. California State Teachers Retirement System lifted its holdings in Guaranty Bancshares by 264.3% during the 1st quarter. California State Teachers Retirement System now owns 12,023 shares of the company’s stock worth $400,000 after buying an additional 8,723 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Guaranty Bancshares by 1,087.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,423 shares of the company’s stock worth $214,000 after buying an additional 5,882 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in Guaranty Bancshares during the 1st quarter worth about $132,000. 20.99% of the stock is currently 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. 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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