Guaranty Bancshares, Inc. (NASDAQ: GNTY) recorded a sharp decline in short-term interest in November. As of November 30, there was short interest totaling 61,000 shares, a decrease of 20.8% from the total of 77,000 shares on November 15. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 13,200 shares, the short-term interest rate is currently 4.6 days.
A number of analysts have weighed on GNTY shares recently. Raymond James increased his price target for Guaranty Bancshares shares from $ 40.00 to $ 42.00 and gave the company an “outperformance” rating in a research report published on Tuesday, October 19. Zacks Investment Research upgraded Guaranty Bancshares shares from a “hold” rating to a “buy” rating and set a target price of $ 42.00 on the stock in a research report released on Wednesday, October 20.
GNTY stock traded down $ 0.90 at midday on Friday, reaching $ 36.50. 31,488 shares of the company were traded, for an average volume of 20,232. The company has a leverage ratio of 0.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $ 441.18 million, a P / E ratio of 10.84 and a beta of 0.46. The company’s 50-day simple moving average is $ 37.63 and its 200-day simple moving average is $ 35.78. Guaranty Bancshares has a one-year low at $ 27.23 and a one-year high at $ 41.28.
Guaranty Bancshares (NASDAQ: GNTY) last reported its results on Sunday, October 17. The company reported $ 0.76 in EPS for the quarter, missing the consensus estimate of $ 0.77 of ($ 0.01). The company posted revenue of $ 30.02 million for the quarter, compared to analysts’ estimates of $ 29.10 million. Guaranty Bancshares recorded a return on equity of 13.52% and a net margin of 31.63%. In the same quarter of last year, the company posted earnings per share of $ 0.92. On average, equity research analysts predict that Guaranty Bancshares will post 3.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 12. Shareholders of record on Monday, December 27 will receive a dividend of $ 0.20 per share. The ex-dividend date is Thursday, December 23. This represents an annualized dividend of $ 0.80 and a return of 2.19%. Guaranty Bancshares’ dividend payout ratio (DPR) is currently 23.75%.
In other Guaranty Bancshares news, CEO Tyson T. Abston sold 1,870 shares of the company in a trade dated Wednesday, November 3. The shares were sold at an average price of $ 38.46, for a total trade of $ 71,920.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In addition, CEO Tyson T. Abston sold 6,170 shares of the company in a transaction dated Thursday, October 28. The shares were sold at an average price of $ 37.66, for a total trade of $ 232,362.20. Disclosure of this sale can be found here. Company insiders own 27.35% of the company’s shares.
Institutional investors and hedge funds have recently changed their holdings in the company. Royal Bank of Canada increased its stake in Guaranty Bancshares shares by 15.5% during the 1st quarter. Royal Bank of Canada now owns 6,654 shares of the company valued at $ 244,000 after acquiring 892 additional shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Guaranty Bancshares shares by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 23,033 shares of the company valued at $ 785,000 after purchasing an additional 5,967 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Guaranty Bancshares shares by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 210,664 shares of the company valued at $ 7,177,000 after purchasing an additional 6,312 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Guaranty Bancshares shares by 11.4% in the second quarter. Nuveen Asset Management LLC now owns 37,820 shares of the company valued at $ 1,288,000 after purchasing an additional 3,863 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Guaranty Bancshares shares in the second quarter valued at $ 218,000. 21.58% of the capital is held by institutional investors.
Guaranty Bancshares Company Profile
Guaranty Bancshares, Inc is a banking holding company that provides financial products and services. It offers online banking and bill payment services, fraud protection, P2P payments, direct deposits, personal loans for auto loans, student checks, and premium checks. The company was founded on January 13, 1913 and is headquartered in Addison, Texas.
Feature Story: The Future of Marijuana Stocks Looks Bright
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Guaranty Bancshares now?
Before you consider Guaranty Bancshares, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of… and Guaranty Bancshares was not on the list.
Although Guaranty Bancshares currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here