Guaranty Bancshares falls on smaller profit

Guaranty Bancshares

17/04/2023 17:32

** Shares of Guaranty Bancshares Inc  GNTY.N  down 3.8% at
$25.34 in afternoon trade
    ** Posts Q1 2023 profit of $O.69/shr, less than $0.88/shr
reported in Q1 2022 
    ** Provision of credit losses in Q1 was zero, compared to
$2.8 mln in Q4  
    ** "Unrealized losses on all securities at the end of the
month was a moderate 12.8% of total capital and our liquidity
remains strong" - CEO & Chairman Ty Abston
    ** One of four brokerages rate the stock "buy" or higher and
three "hold"; their median PT is $34.00
    ** Including session's losses, stock fell 26.67% YTD

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))