Guaranty Bancshares (NASDAQ:GNTY) Given New $30.00 Price Target at Piper Sandler

Guaranty Bancshares (NASDAQ:GNTY) had its target price lowered by Piper Sandler from $34.00 to $30.00 in a report published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Stephens restated an overweight rating and set a $36.00 target price on shares of Guaranty Bancshares in a research note on Wednesday, January 17th.

Guaranty Bancshares Stock Down 3.3 %

Shares of NASDAQ GNTY opened at $27.82 on Tuesday. Guaranty Bancshares has a 12-month low of $22.12 and a 12-month high of $35.00. The company has a market cap of $320.76 million, a P/E ratio of 10.91 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $29.72 and a 200 day moving average price of $30.33.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings results on Tuesday, January 16th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Guaranty Bancshares had a return on equity of 9.87% and a net margin of 16.79%. The firm had revenue of $28.61 million during the quarter, compared to the consensus estimate of $27.65 million. During the same period in the prior year, the firm earned $1.05 EPS. Research analysts anticipate that Guaranty Bancshares will post 2.2 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 22nd. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.45%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 37.65%.

Insider Activity

In related news, Director James S. Bunch purchased 1,000 shares of Guaranty Bancshares stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $29.40 per share, with a total value of $29,400.00. Following the completion of the transaction, the director now owns 166,000 shares of the company’s stock, valued at approximately $4,880,400. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 26.39% of the company’s stock.

Hedge Funds Weigh In On Guaranty Bancshares

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Guaranty Bancshares by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,871 shares of the company’s stock worth $758,000 after purchasing an additional 416 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Guaranty Bancshares by 6.2% during the second quarter. JPMorgan Chase & Co. now owns 8,072 shares of the company’s stock worth $219,000 after purchasing an additional 473 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Guaranty Bancshares by 42.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,601 shares of the company’s stock worth $55,000 after purchasing an additional 476 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Guaranty Bancshares by 313.6% during the fourth quarter. Lazard Asset Management LLC now owns 790 shares of the company’s stock worth $27,000 after purchasing an additional 599 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Guaranty Bancshares by 7.0% during the fourth quarter. Royal Bank of Canada now owns 10,885 shares of the company’s stock worth $366,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

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. The company offers checking and savings, money market, and business accounts, as well as certificates of deposit; and commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland, agricultural, multi-family residential, and consumer loans.