Guaranty Bancshares, Inc. (GNTY) Given $33.50 Average Target Price by Analysts

Guaranty Bancshares, Inc. (NASDAQ:GNTY) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokerages have set a 1-year consensus price target of $33.50 for the company, according to Zacks. Zacks has also given Guaranty Bancshares an industry rank of 23 out of 265 based on the ratings given to related companies.

Several research analysts have issued reports on the company. BidaskClub lowered Guaranty Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research raised Guaranty Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, January 12th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Guaranty Bancshares in a research report on Monday, January 29th.

Shares of Guaranty Bancshares (NASDAQ:GNTY) traded down $0.30 during mid-day trading on Friday, reaching $30.74. 4,070 shares of the company’s stock were exchanged, compared to its average volume of 18,963. The firm has a market capitalization of $352.23, a PE ratio of 21.91 and a beta of 0.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. Guaranty Bancshares has a 1 year low of $28.00 and a 1 year high of $36.38.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.82%. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 22nd. Guaranty Bancshares’s dividend payout ratio is 39.72%.

A number of hedge funds have recently modified their holdings of GNTY. UBS Asset Management Americas Inc. bought a new position in shares of Guaranty Bancshares in the 2nd quarter valued at about $2,359,000. Thomson Horstmann & Bryant Inc. lifted its position in Guaranty Bancshares by 60.6% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 156,481 shares of the company’s stock valued at $5,005,000 after purchasing an additional 59,075 shares during the period. Asset Dedication LLC acquired a new position in Guaranty Bancshares during the fourth quarter valued at $1,802,000. Vanguard Group Inc. acquired a new position in Guaranty Bancshares during the second quarter valued at $1,624,000. Finally, Northern Trust Corp acquired a new position in Guaranty Bancshares during the second quarter valued at $735,000. Institutional investors and hedge funds own 20.69% 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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