Guaranty Bancshares (GNTY) Rating Increased to Hold at BidaskClub

Guaranty Bancshares (NASDAQ:GNTY) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Zacks Investment Research upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Shares of Guaranty Bancshares (NASDAQ GNTY) opened at $31.61 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. Guaranty Bancshares has a 12 month low of $28.00 and a 12 month high of $36.38.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, October 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $18.80 million for the quarter. Guaranty Bancshares had a net margin of 18.17% and a return on equity of 9.60%. equities research analysts forecast that Guaranty Bancshares will post 1.55 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in Guaranty Bancshares during the 2nd quarter valued at $109,000. California State Teachers Retirement System purchased a new stake in Guaranty Bancshares during the 2nd quarter valued at $115,000. Castine Capital Management LLC raised its stake in Guaranty Bancshares by 4.7% during the 3rd quarter. Castine Capital Management LLC now owns 98,385 shares of the company’s stock valued at $3,147,000 after buying an additional 4,399 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new stake in shares of Guaranty Bancshares in the 2nd quarter worth $156,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Guaranty Bancshares in the 3rd quarter worth $211,000. Institutional investors and hedge funds own 20.04% of the company’s stock.

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About Guaranty Bancshares

Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.

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