Guaranty Bancshares Inc. (GNTY) Earns “Hold” Rating from Stephens
Several other research analysts also recently weighed in on the company. ValuEngine downgraded Guaranty Bancshares from a buy rating to a hold rating in a research note on Tuesday, June 20th. Sandler O’Neill initiated coverage on Guaranty Bancshares in a research note on Monday, June 5th. They issued a hold rating and a $34.00 target price on the stock.
Shares of Guaranty Bancshares (GNTY) traded down 0.87% on Tuesday, reaching $30.61. The company’s stock had a trading volume of 5,268 shares. Guaranty Bancshares has a 1-year low of $29.00 and a 1-year high of $35.76. The stock has a 50-day moving average price of $31.63 and a 200-day moving average price of $31.68. The company has a market capitalization of $266.40 million, a price-to-earnings ratio of 21.12 and a beta of 0.02.
Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, July 24th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $18.32 million during the quarter. On average, equities research analysts forecast that Guaranty Bancshares will post $1.57 EPS for the current year.
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The business also recently announced a semiannual dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 28th. This represents a dividend yield of 0.85%.
In other Guaranty Bancshares news, Director Weldon C. Miller purchased 1,000 shares of Guaranty Bancshares stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $27.00 per share, with a total value of $27,000.00. Following the acquisition, the director now directly owns 168,744 shares of the company’s stock, valued at $4,556,088. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert P. Sharp purchased 10,000 shares of Guaranty Bancshares stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $27.00 per share, with a total value of $270,000.00. Following the completion of the acquisition, the executive vice president now directly owns 17,500 shares in the company, valued at $472,500. The disclosure for this purchase can be found here. Company insiders own 34.12% of the company’s stock.
An institutional investor recently bought a new position in Guaranty Bancshares stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Guaranty Bancshares Inc. (NASDAQ:GNTY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the company’s stock, valued at approximately $6,390,000. Emerald Mutual Fund Advisers Trust owned approximately 2.30% of Guaranty Bancshares at the end of the most recent reporting period.
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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