Guaranty Bancshares (NASDAQ:GNTY) PT Lowered to $34.00 at Keefe, Bruyette & Woods

Guaranty Bancshares (NASDAQ:GNTY - Free Report) had its price target trimmed by Keefe, Bruyette & Woods from $35.00 to $34.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a market perform rating on the stock.

Other analysts have also recently issued reports about the company. Stephens reiterated an overweight rating and issued a $36.00 price target on shares of Guaranty Bancshares in a research report on Wednesday, January 17th. Piper Sandler lowered their price target on Guaranty Bancshares from $34.00 to $30.00 and set a neutral rating on the stock in a research report on Tuesday.

Guaranty Bancshares Stock Performance

Shares of GNTY traded down $0.96 on Tuesday, reaching $27.82. 17,434 shares of the stock traded hands, compared to its average volume of 14,824. The firm has a market cap of $320.76 million, a price-to-earnings ratio of 10.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89. Guaranty Bancshares has a 12 month low of $22.12 and a 12 month high of $35.00. The stock's 50-day moving average price is $29.72 and its 200-day moving average price is $30.33.

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last released its quarterly earnings data on Tuesday, January 16th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $28.61 million for the quarter, compared to analysts' expectations of $27.65 million. Guaranty Bancshares had a return on equity of 9.87% and a net margin of 16.79%. During the same period in the previous year, the business posted $1.05 earnings per share. Equities analysts forecast that Guaranty Bancshares will post 2.2 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, March 22nd. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.23. Guaranty Bancshares's dividend payout ratio is 37.65%.

Insider Activity

In other news, Director James S. Bunch purchased 1,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $29.40 per share, with a total value of $29,400.00. Following the completion of the purchase, the director now directly owns 166,000 shares of the company's stock, valued at approximately $4,880,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guaranty Bancshares

Several hedge funds have recently added to or reduced their stakes in GNTY. Charles Schwab Investment Management Inc. increased its holdings in shares of Guaranty Bancshares by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,871 shares of the company's stock worth $758,000 after acquiring an additional 416 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Guaranty Bancshares by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 8,072 shares of the company's stock worth $219,000 after acquiring an additional 473 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Guaranty Bancshares by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,601 shares of the company's stock worth $55,000 after acquiring an additional 476 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Guaranty Bancshares by 313.6% in the fourth quarter. Lazard Asset Management LLC now owns 790 shares of the company's stock worth $27,000 after acquiring an additional 599 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Guaranty Bancshares by 7.0% in the fourth quarter. Royal Bank of Canada now owns 10,885 shares of the company's stock worth $366,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.

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. 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.