Piper Sandler Trims Guaranty Bancshares (NASDAQ:GNTY) Target Price to $30.00

Guaranty Bancshares (NASDAQ:GNTY) had its price target decreased by Piper Sandler from $34.00 to $30.00 in a research report report published on Tuesday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Stephens restated an overweight rating and issued a $36.00 target price on shares of Guaranty Bancshares in a research note on Wednesday, January 17th.

Guaranty Bancshares Stock Performance

Shares of GNTY opened at $28.30 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50-day moving average of $29.68 and a 200-day moving average of $30.30. The company has a market cap of $326.30 million, a PE ratio of 11.60 and a beta of 0.53. Guaranty Bancshares has a one year low of $22.12 and a one year high of $35.00.

Guaranty Bancshares (NASDAQ:GNTY) last issued its earnings results on Tuesday, January 16th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $28.61 million during the quarter, compared to the consensus estimate of $27.65 million. Guaranty Bancshares had a return on equity of 8.74% and a net margin of 15.56%. During the same period last year, the business posted $1.05 EPS. On average, equities research analysts predict that Guaranty Bancshares will post 2.19 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.96 annualized dividend and a yield of 3.39%. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.23. Guaranty Bancshares’s dividend payout ratio is 39.34%.

Insider Buying and Selling

In related news, Director James S. Bunch purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $29.40 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the director now owns 166,000 shares of the company’s stock, valued at approximately $4,880,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guaranty Bancshares

Several institutional investors have recently bought and sold shares of GNTY. MetLife Investment Management LLC grew its holdings in Guaranty Bancshares by 57.0% during the first quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock worth $160,000 after buying an additional 1,657 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Guaranty Bancshares by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 229,637 shares of the company’s stock valued at $8,038,000 after purchasing an additional 13,821 shares during the period. Renaissance Technologies LLC grew its stake in Guaranty Bancshares by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 58,569 shares of the company’s stock valued at $2,050,000 after purchasing an additional 3,300 shares during the period. Goldman Sachs Group Inc. grew its stake in Guaranty Bancshares by 28.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,663 shares of the company’s stock valued at $1,003,000 after purchasing an additional 6,402 shares during the period. Finally, Rhumbline Advisers grew its stake in Guaranty Bancshares by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 11,688 shares of the company’s stock valued at $424,000 after purchasing an additional 832 shares during the period. Institutional investors own 39.39% 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. The company offers checking and savings, money market, and business accounts, as well as certificates of deposit; and commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland, agricultural, multi-family residential, and consumer loans.