Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) declared a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, June 30th.
Guaranty Bancshares has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance
GNTY traded up $1.18 during midday trading on Monday, reaching $41.73. The company had a trading volume of 14,677 shares, compared to its average volume of 29,599. Guaranty Bancshares has a 12-month low of $28.55 and a 12-month high of $43.09. The business has a 50-day moving average price of $40.60 and a two-hundred day moving average price of $39.19. The stock has a market cap of $473.31 million, a PE ratio of 15.18 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.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in Guaranty Bancshares during the 1st quarter worth approximately $332,000. Empowered Funds LLC bought a new stake in Guaranty Bancshares in the first quarter valued at approximately $650,000. Finally, Jane Street Group LLC purchased a new stake in shares of Guaranty Bancshares during the first quarter valued at approximately $667,000. 39.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods raised their price objective on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on GNTY
About Guaranty Bancshares
(
Get Free Report)
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.
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