Guaranty Bancshares (GNTY) Projected to Post Earnings on Monday

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) is projected to post its quarterly earnings results before the market opens on Monday, July 21st. Analysts expect Guaranty Bancshares to post earnings of $0.80 per share and revenue of $32.55 million for the quarter.

Guaranty Bancshares Stock Down 5.1%

Shares of NASDAQ:GNTY traded down $2.39 during trading on Tuesday, hitting $44.22. The company's stock had a trading volume of 56,305 shares, compared to its average volume of 33,804. The business has a 50 day moving average price of $42.12 and a two-hundred day moving average price of $40.10. The company has a market capitalization of $501.45 million, a PE ratio of 16.08 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Guaranty Bancshares has a fifty-two week low of $29.65 and a fifty-two week high of $47.20.

Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. Guaranty Bancshares's payout ratio is currently 34.25%.

Hedge Funds Weigh In On Guaranty Bancshares

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Guaranty Bancshares in the first quarter valued at $667,000. Empowered Funds LLC purchased a new stake in shares of Guaranty Bancshares in the first quarter valued at about $650,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Guaranty Bancshares in the first quarter valued at about $332,000. Institutional investors and hedge funds own 39.39% of the company's stock.

Analyst Ratings Changes

GNTY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and set a $47.00 target price on shares of Guaranty Bancshares in a research note on Monday, June 30th.

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. 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.