Guaranty Bancshares (GNTY) Rating Increased to Sell at BidaskClub
Guaranty Bancshares (NASDAQ:GNTY) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.
GNTY has been the subject of several other reports. Stephens reissued a “hold” rating and set a $36.00 price objective on shares of Guaranty Bancshares in a research note on Monday, June 18th. Zacks Investment Research raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, ValuEngine lowered Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Guaranty Bancshares currently has a consensus rating of “Hold” and a consensus target price of $35.33.
Shares of GNTY stock opened at $30.94 on Wednesday. Guaranty Bancshares has a 1 year low of $28.00 and a 1 year high of $37.36. The firm has a market cap of $376.05 million, a PE ratio of 19.17 and a beta of -0.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 0.90.
In related news, EVP Robert P. Sharp acquired 2,203 shares of Guaranty Bancshares stock in a transaction dated Friday, August 3rd. The stock was acquired at an average cost of $29.28 per share, with a total value of $64,503.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 22.57% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Guaranty Bancshares during the 2nd quarter worth $112,000. American International Group Inc. boosted its stake in shares of Guaranty Bancshares by 260.7% during the 1st quarter. American International Group Inc. now owns 5,046 shares of the company’s stock worth $168,000 after acquiring an additional 3,647 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Guaranty Bancshares during the 2nd quarter worth $128,000. MetLife Investment Advisors LLC bought a new stake in shares of Guaranty Bancshares during the 1st quarter worth $132,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Guaranty Bancshares by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,011 shares of the company’s stock worth $1,054,000 after acquiring an additional 4,839 shares in the last quarter. 20.99% of the stock is owned by institutional investors and hedge funds.
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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