Guaranty Bancshares (NASDAQ:GNTY) Downgraded to Hold at Zacks Investment Research

Guaranty Bancshares (NASDAQ:GNTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

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. “

Separately, Raymond James boosted their price objective on Guaranty Bancshares from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, October 19th.

GNTY traded down $0.45 on Monday, hitting $37.13. The company had a trading volume of 19,129 shares, compared to its average volume of 19,875. The company has a fifty day simple moving average of $37.94. Guaranty Bancshares has a 12-month low of $27.36 and a 12-month high of $41.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $448.79 million, a PE ratio of 11.02 and a beta of 0.47.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Sunday, October 17th. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). Guaranty Bancshares had a return on equity of 13.52% and a net margin of 31.63%. The firm had revenue of $30.02 million for the quarter, compared to analyst estimates of $29.10 million. During the same period last year, the firm earned $0.92 EPS. On average, research analysts forecast that Guaranty Bancshares will post 3.33 earnings per share for the current fiscal year.

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In other Guaranty Bancshares news, CEO Tyson T. Abston sold 1,870 shares of Guaranty Bancshares stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $38.46, for a total value of $71,920.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tyson T. Abston sold 6,170 shares of Guaranty Bancshares stock in a transaction that occurred on Thursday, October 28th. The shares were sold at an average price of $37.66, for a total value of $232,362.20. The disclosure for this sale can be found here. Company insiders own 27.35% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Guaranty Bancshares by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 432,443 shares of the company’s stock valued at $14,734,000 after buying an additional 4,591 shares during the period. Dimensional Fund Advisors LP raised its holdings in Guaranty Bancshares by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 216,968 shares of the company’s stock worth $7,779,000 after purchasing an additional 6,304 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Guaranty Bancshares by 47.0% during the third quarter. Arkadios Wealth Advisors now owns 178,314 shares of the company’s stock worth $6,392,000 after purchasing an additional 56,974 shares during the last quarter. Geode Capital Management LLC raised its holdings in Guaranty Bancshares by 6.0% during the second quarter. Geode Capital Management LLC now owns 149,991 shares of the company’s stock worth $5,110,000 after purchasing an additional 8,455 shares during the last quarter. Finally, State Street Corp raised its holdings in Guaranty Bancshares by 4.3% during the second quarter. State Street Corp now owns 149,780 shares of the company’s stock worth $5,134,000 after purchasing an additional 6,143 shares during the last quarter. 21.58% of the stock is owned by institutional investors and hedge funds.

Guaranty Bancshares Company Profile

Guaranty Bancshares, Inc is a bank holding company, which engages in the provision of financial products and services. It offers online banking and bill pay, fraud protection, P2P payments, direct deposits, personal loans auto loans, student checking, and premium checking. The company was founded on January 13, 1913 and is headquartered in Addison, TX.

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