Guaranty Bancshares (GNTY) Given “Buy” Rating at Stephens
Stephens reissued their buy rating on shares of Guaranty Bancshares (NASDAQ:GNTY) in a research note released on Tuesday, AnalystRatings.com reports. Stephens currently has a $34.00 price target on the stock.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Guaranty Bancshares from a sell rating to a hold rating in a research report on Wednesday, April 10th. BidaskClub lowered shares of Guaranty Bancshares from a sell rating to a strong sell rating in a research report on Tuesday, April 9th.
GNTY stock opened at $26.62 on Tuesday. The firm has a market cap of $313.96 million, a P/E ratio of 14.39 and a beta of 0.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. Guaranty Bancshares has a one year low of $24.27 and a one year high of $36.30.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.68 annualized dividend and a dividend yield of 2.55%. Guaranty Bancshares’s dividend payout ratio (DPR) is 36.76%.
In related news, Director Richard W. Baker bought 100,000 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were acquired at an average price of $30.00 per share, for a total transaction of $3,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Randall R. Kucera sold 1,000 shares of Guaranty Bancshares stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $30.19, for a total transaction of $30,190.00. The disclosure for this sale can be found here. 22.60% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Martingale Asset Management L P lifted its stake in shares of Guaranty Bancshares by 1.3% in the fourth quarter. Martingale Asset Management L P now owns 30,204 shares of the company’s stock worth $901,000 after buying an additional 400 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Guaranty Bancshares by 10.4% in the fourth quarter. Bessemer Group Inc. now owns 12,700 shares of the company’s stock worth $379,000 after buying an additional 1,200 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Guaranty Bancshares by 1.7% in the fourth quarter. Northern Trust Corp now owns 73,234 shares of the company’s stock worth $2,184,000 after buying an additional 1,203 shares in the last quarter. Ramsey Quantitative Systems lifted its stake in shares of Guaranty Bancshares by 180.5% in the fourth quarter. Ramsey Quantitative Systems now owns 2,264 shares of the company’s stock worth $68,000 after buying an additional 1,457 shares in the last quarter. Finally, Penn Capital Management Co. Inc. lifted its stake in shares of Guaranty Bancshares by 4.8% in the fourth quarter. Penn Capital Management Co. Inc. now owns 38,319 shares of the company’s stock worth $1,143,000 after buying an additional 1,754 shares in the last quarter. 21.33% of the stock is currently owned by hedge funds and other 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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.
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