Guaranty Bancshares price target raised to $36 from $34 at Stephens

Stephens raised the firm’s price target on Guaranty Bancshares to $36 from $34 and keeps an Overweight rating on the shares. Q2 results were highlighted by net interest margin expansion, loan balance contraction and negative LLP expense that resulted in an EPS beat, the analyst tells investors. Following the report, the firm is increasing its 2024 EPS forecast and maintaining its 2025 EPS forecast, the analyst noted.