Zacks Investment Research cut shares of Guaranty Bancshares Inc. (NASDAQ:GNTY) from a hold rating to a sell rating in a report released on Thursday morning.

According to Zacks, “Guaranty Bancshares, Inc. is a bank holding company that derives substantially all of its revenue and income from the operation of its bank subsidiary, Guaranty Bank, a Texas state bank with banking offices located in the Texas communities. The company adheres to a community banking philosophy focused on servicing and investing in the communities that comprise its market. The company emphasizes service-oriented, convenient, relationship banking, featuring individualized, quality customer service, extended banking hours and accessible locations. “

Separately, Stephens restated a hold rating and issued a $34.00 price objective on shares of Guaranty Bancshares in a report on Tuesday, July 25th.

Guaranty Bancshares (GNTY) traded up $0.48 during trading on Thursday, hitting $30.03. The stock had a trading volume of 8,948 shares, compared to its average volume of 17,861. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Guaranty Bancshares has a 52 week low of $28.00 and a 52 week high of $36.38.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Monday, October 23rd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $18.80 million during the quarter. Guaranty Bancshares had a return on equity of 9.60% and a net margin of 18.17%. equities analysts forecast that Guaranty Bancshares will post 1.55 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of GNTY. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $6,390,000. Kennedy Capital Management Inc. acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $4,768,000. Banc Funds Co. LLC acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $3,994,000. Castine Capital Management LLC acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $3,003,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $2,359,000. Institutional investors and hedge funds own 20.14% of the company’s stock.

Guaranty Bancshares Company Profile

Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.

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