Guaranty Bancshares, Inc. to Issue Quarterly Dividend of $0.25 (NASDAQ:GNTY)

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) declared a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Wednesday, July 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, June 30th.

Guaranty Bancshares has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Guaranty Bancshares to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.8%.

Guaranty Bancshares Price Performance

Shares of GNTY traded up $0.84 during trading hours on Thursday, hitting $43.29. 147,500 shares of the company were exchanged, compared to its average volume of 31,219. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares has a fifty-two week low of $29.40 and a fifty-two week high of $43.30. The company has a market cap of $491.00 million, a price-to-earnings ratio of 15.74 and a beta of 0.44. The firm's fifty day moving average is $40.88 and its 200 day moving average is $39.31.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price target on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On Guaranty Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of GNTY. AQR Capital Management LLC acquired a new stake in Guaranty Bancshares in the first quarter valued at about $332,000. Empowered Funds LLC acquired a new stake in shares of Guaranty Bancshares in the 1st quarter valued at approximately $650,000. Finally, Jane Street Group LLC bought a new stake in shares of Guaranty Bancshares during the 1st quarter valued at approximately $667,000. Institutional investors own 39.39% of the company's stock.

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.