Guaranty Bancshares (NASDAQ:GNTY) Sets New 1-Year High - Here's What Happened

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.20 and last traded at $46.89, with a volume of 2058 shares traded. The stock had previously closed at $47.01.

Analysts Set New Price Targets

Several brokerages have issued reports on GNTY. Stephens reissued an "overweight" rating and issued a $47.00 price objective on shares of Guaranty Bancshares in a research note on Monday, June 30th. Keefe, Bruyette & Woods lifted their price target on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the company a "market perform" rating in a research note on Tuesday, April 22nd.

Guaranty Bancshares Stock Up 1.4%

The company's 50 day moving average price is $41.86 and its two-hundred day moving average price is $39.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock has a market cap of $525.32 million, a P/E ratio of 16.84 and a beta of 0.44.

Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, June 30th. Guaranty Bancshares's dividend payout ratio is presently 34.25%.

Hedge Funds Weigh In On Guaranty Bancshares

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Guaranty Bancshares by 2.2% in the first quarter. Vanguard Group Inc. now owns 452,695 shares of the company's stock worth $18,121,000 after buying an additional 9,873 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Guaranty Bancshares by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company's stock worth $13,156,000 after buying an additional 8,875 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Guaranty Bancshares in the fourth quarter worth approximately $5,682,000. Russell Investments Group Ltd. raised its stake in Guaranty Bancshares by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company's stock worth $2,944,000 after buying an additional 705 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Guaranty Bancshares by 5.1% in the fourth quarter. Northern Trust Corp now owns 73,503 shares of the company's stock worth $2,543,000 after buying an additional 3,553 shares in the last quarter. Institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Company Profile

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.