Guaranty Bancshares (NASDAQ:GNTY) Hits New 12-Month High - Here's What Happened

Key Points

• Guaranty Bancshares shares reached a new 52-week high at $49.02, closing at $48.64, indicating strong trading activity with a volume of 43,197 shares exchanged.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with Stephens maintaining an "overweight" rating and a price target of $47.00.
• The company recently announced a quarterly dividend of $0.25 per share, translating to an annualized yield of 2.1% and a payout ratio of 31.85%.

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $49.02 and last traded at $48.64, with a volume of 43197 shares. The stock had previously closed at $48.62.

Wall Street Analysts Forecast Growth

Separately, 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. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Guaranty Bancshares Trading Down 1.7%

The company has a market cap of $548.67 million, a price-to-earnings ratio of 17.57 and a beta of 0.43. 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 company's 50-day moving average is $45.48 and its 200 day moving average is $42.05.

Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, June 30th. Guaranty Bancshares's dividend payout ratio (DPR) is currently 31.85%.

Insider Buying and Selling

In related news, EVP William Travis Brown sold 706 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction of $34,297.48. Following the sale, the executive vice president owned 615 shares in the company, valued at approximately $29,876.70. This trade represents a 53.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.31% of the company's stock.

Institutional Trading of Guaranty Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in Guaranty Bancshares during the first quarter valued at $41,000. Simplex Trading LLC acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at about $43,000. Tower Research Capital LLC TRC grew its position in shares of Guaranty Bancshares by 666.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,224 shares of the company's stock valued at $94,000 after purchasing an additional 1,934 shares during the period. GAMMA Investing LLC grew its position in shares of Guaranty Bancshares by 57,540.0% in the first quarter. GAMMA Investing LLC now owns 2,882 shares of the company's stock valued at $1,150,000 after purchasing an additional 2,877 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Guaranty Bancshares by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock valued at $160,000 after purchasing an additional 967 shares during the period. Institutional investors and hedge funds 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.