Guaranty Bancshares (NASDAQ:GNTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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. “

Other equities analysts have also issued research reports about the stock. Stephens restated a “hold” rating and set a $32.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, October 23rd. BidaskClub upgraded shares of Guaranty Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of GNTY opened at $30.01 on Monday. The stock has a market capitalization of $356.08 million, a P/E ratio of 19.44 and a beta of -0.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.92 and a quick ratio of 0.91. Guaranty Bancshares has a 52-week low of $28.34 and a 52-week high of $37.36.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Tuesday, October 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.10). The company had revenue of $21.78 million during the quarter. Guaranty Bancshares had a net margin of 17.35% and a return on equity of 8.71%. Equities research analysts expect that Guaranty Bancshares will post 1.86 EPS for the current fiscal year.

In other news, President Kirk L. Lee sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $33.10, for a total transaction of $165,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James S. Bunch acquired 1,286 shares of Guaranty Bancshares stock in a transaction dated Friday, September 7th. The shares were acquired at an average price of $30.89 per share, with a total value of $39,724.54. The disclosure for this purchase can be found here. Company insiders own 22.57% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Guaranty Bancshares by 1.4% during the third quarter. BlackRock Inc. now owns 376,829 shares of the company’s stock valued at $11,391,000 after buying an additional 5,026 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Guaranty Bancshares by 42.3% during the third quarter. Renaissance Technologies LLC now owns 65,300 shares of the company’s stock valued at $1,974,000 after buying an additional 19,400 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Guaranty Bancshares by 10.5% during the second quarter. Rice Hall James & Associates LLC now owns 53,950 shares of the company’s stock valued at $1,777,000 after buying an additional 5,120 shares in the last quarter. Penn Capital Management Co. Inc. lifted its stake in Guaranty Bancshares by 33.7% during the third quarter. Penn Capital Management Co. Inc. now owns 36,565 shares of the company’s stock valued at $1,105,000 after buying an additional 9,221 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Guaranty Bancshares by 13.9% during the third quarter. Bank of New York Mellon Corp now owns 36,454 shares of the company’s stock valued at $1,102,000 after buying an additional 4,443 shares in the last quarter. Institutional investors own 21.52% of the company’s stock.

About Guaranty Bancshares

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.

See Also: Return on Equity (ROE)

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