Guaranty Bancshares (NASDAQ:GNTY) Sets New 1-Year High - Should You Buy?

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stephens reiterated 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 upped their price objective 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 Down 3.3%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $41.49 and its two-hundred day moving average price is $39.72. The firm has a market cap of $515.79 million, a P/E ratio of 16.54 and a beta of 0.44.

Guaranty Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. Guaranty Bancshares's dividend payout ratio (DPR) is presently 34.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Guaranty Bancshares by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 452,695 shares of the company's stock worth $18,121,000 after purchasing an additional 9,873 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Guaranty Bancshares by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company's stock worth $13,156,000 after purchasing an additional 8,875 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Guaranty Bancshares in the 4th quarter worth $5,682,000. Russell Investments Group Ltd. grew its position in Guaranty Bancshares by 1.0% in the 1st quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company's stock worth $2,944,000 after purchasing an additional 705 shares during the last quarter. Finally, Northern Trust Corp grew its position in Guaranty Bancshares by 5.1% in the 4th quarter. Northern Trust Corp now owns 73,503 shares of the company's stock worth $2,543,000 after purchasing an additional 3,553 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.