Guaranty Bancshares, Inc. (NASDAQ:GNTY) Short Interest Update

Guaranty Bancshares, Inc. (NASDAQ:GNTY) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 79,400 shares, a decrease of 8.5% from the January 15th total of 86,800 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is presently 5.1 days.

Guaranty Bancshares stock traded down $0.37 during midday trading on Friday, reaching $30.76. The stock had a trading volume of 8,195 shares. The firm’s fifty day simple moving average is $31.80 and its 200-day simple moving average is $31.45. Guaranty Bancshares has a 1-year low of $24.27 and a 1-year high of $34.16.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings results on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $25.18 million for the quarter. As a group, equities research analysts predict that Guaranty Bancshares will post 2.33 EPS for the current year.

In other Guaranty Bancshares news, President Kirk L. Lee sold 7,027 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $32.92, for a total transaction of $231,328.84. Also, Director James S. Bunch purchased 3,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $31.26 per share, for a total transaction of $93,780.00. 22.60% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Denali Advisors LLC bought a new stake in Guaranty Bancshares during the 4th quarter worth about $43,000. Citigroup Inc. boosted its stake in shares of Guaranty Bancshares by 55.8% during the 4th quarter. Citigroup Inc. now owns 1,669 shares of the company’s stock worth $55,000 after buying an additional 598 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Guaranty Bancshares during the 4th quarter worth about $228,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Guaranty Bancshares in the 4th quarter valued at about $249,000. Finally, California Public Employees Retirement System bought a new position in shares of Guaranty Bancshares in the 4th quarter valued at about $264,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on GNTY. Stephens reissued a “buy” rating and set a $35.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, October 22nd. ValuEngine raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Zacks Investment Research lowered shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. TheStreet upgraded Guaranty Bancshares from a “c” rating to a “b-” rating in a report on Thursday, December 12th. Finally, BidaskClub downgraded Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.00.

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. 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, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

Further Reading: Balanced Fund

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