Guaranty Bancshares (NASDAQ:GNTY) Hits New 52-Week High - Time to Buy?

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) shares hit 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 changing hands. The stock had previously closed at $48.62.

Analyst Ratings Changes

Separately, Stephens reaffirmed an "overweight" rating and issued a $47.00 price objective on shares of Guaranty Bancshares in a report on Monday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Guaranty Bancshares Price Performance

The company has a market cap of $552.34 million, a PE ratio of 17.69 and a beta of 0.43. The stock has a fifty day simple moving average of $45.00 and a two-hundred day simple moving average of $41.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14.

Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Guaranty Bancshares's payout ratio is currently 31.85%.

Institutional Trading of Guaranty Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Guaranty Bancshares by 2.2% during 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 boosted its holdings in Guaranty Bancshares by 2.4% during 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. Geode Capital Management LLC boosted its holdings in Guaranty Bancshares by 6.9% during the second quarter. Geode Capital Management LLC now owns 206,508 shares of the company's stock worth $8,766,000 after buying an additional 13,263 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Guaranty Bancshares by 1.0% during the second quarter. Arkadios Wealth Advisors now owns 180,718 shares of the company's stock worth $7,670,000 after buying an additional 1,713 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in Guaranty Bancshares during the fourth quarter worth about $5,682,000. Hedge funds and other 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.

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