Guaranty Bancshares, Inc. (NASDAQ:GNTY) – Research analysts at Piper Jaffray Companies issued their Q2 2019 EPS estimates for Guaranty Bancshares in a report issued on Monday, June 10th. Piper Jaffray Companies analyst B. Rabatin forecasts that the company will post earnings of $0.53 per share for the quarter. Piper Jaffray Companies has a “Neutral” rating and a $32.00 price target on the stock. Piper Jaffray Companies also issued estimates for Guaranty Bancshares’ Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.19 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.59 EPS, Q4 2020 earnings at $0.59 EPS and FY2020 earnings at $2.35 EPS.
Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). Guaranty Bancshares had a return on equity of 9.22% and a net margin of 19.63%. The business had revenue of $22.57 million during the quarter.
Several other analysts also recently commented on GNTY. BidaskClub downgraded shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Zacks Investment Research cut shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 4th. Finally, Stephens reaffirmed a “buy” rating and set a $34.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd.
Shares of GNTY stock opened at $30.26 on Wednesday. Guaranty Bancshares has a 12-month low of $24.27 and a 12-month high of $36.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $349.98 million, a P/E ratio of 16.36 and a beta of -0.03.
In other news, Director James S. Bunch purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $27.01 per share, with a total value of $135,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 22.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Guaranty Bancshares by 516.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,591 shares of the company’s stock worth $46,000 after purchasing an additional 1,333 shares during the period. Ramsey Quantitative Systems lifted its holdings in Guaranty Bancshares by 180.5% during the 4th quarter. Ramsey Quantitative Systems now owns 2,264 shares of the company’s stock valued at $68,000 after buying an additional 1,457 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Guaranty Bancshares by 365.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the company’s stock valued at $83,000 after buying an additional 2,195 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Guaranty Bancshares during the 1st quarter valued at about $175,000. Finally, Rhumbline Advisers lifted its holdings in Guaranty Bancshares by 43.4% during the 4th quarter. Rhumbline Advisers now owns 10,992 shares of the company’s stock valued at $328,000 after buying an additional 3,326 shares in the last quarter. 21.56% of the stock is owned by hedge funds and other institutional investors.
About Guaranty Bancshares
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.
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