Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.69 and last traded at $44.41, with a volume of 58243 shares changing hands. The stock had previously closed at $42.44.
Analyst Upgrades and Downgrades
GNTY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 22nd. Stephens reissued an "overweight" rating and issued a $47.00 price target on shares of Guaranty Bancshares in a report on Monday.
Check Out Our Latest Stock Analysis on GNTY
Guaranty Bancshares Trading Up 2.5%
The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The stock's 50-day moving average is $41.35 and its two-hundred day moving average is $39.57. The stock has a market cap of $533.14 million, a P/E ratio of 17.09 and a beta of 0.44.
Guaranty Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, June 30th. Guaranty Bancshares's payout ratio is currently 34.25%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in shares of Guaranty Bancshares by 14.8% in the first quarter. Acadian Asset Management LLC now owns 48,415 shares of the company's stock worth $1,937,000 after buying an additional 6,227 shares in the last quarter. Jane Street Group LLC bought a new stake in Guaranty Bancshares in the 1st quarter worth approximately $667,000. Empowered Funds LLC purchased a new stake in shares of Guaranty Bancshares during the 1st quarter worth approximately $650,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Guaranty Bancshares by 51.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 25,173 shares of the company's stock worth $1,008,000 after acquiring an additional 8,536 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Guaranty Bancshares during the 1st quarter valued at approximately $332,000. Hedge funds and other institutional investors own 39.39% of the company's stock.
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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