Guaranty Bancshares (NASDAQ:GNTY) Sees Large Volume Increase - Should You Buy?

Key Points

• Guaranty Bancshares (NASDAQ:GNTY) experienced a trading volume increase, with 42,807 shares traded, and the stock price rose to $50.31 from the previous close of $49.67.
• Analysts have rated the stock as a "Moderate Buy"** with a price target of $45.00, while an "overweight" rating was reaffirmed with a target of $47.00 by Stephens.
• The company declared a special dividend of $2.30 per share, set to be paid on September 23rd, with an ex-dividend date of September 19th.

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) saw strong trading volume on Tuesday . 42,807 shares traded hands during trading, an increase of 0% from the previous session's volume of 42,705 shares.The stock last traded at $50.31 and had previously closed at $49.67.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "overweight" rating and set a $47.00 target price on shares of Guaranty Bancshares in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.00.

Guaranty Bancshares Stock Performance

The company has a market cap of $561.52 million, a PE ratio of 17.98 and a beta of 0.47. 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 firm's 50-day simple moving average is $46.79 and its two-hundred day simple moving average is $42.99.

Guaranty Bancshares Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 19th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Friday, September 19th. Guaranty Bancshares's dividend payout ratio is 31.85%.

Insider Transactions at Guaranty Bancshares

In related news, EVP William Travis Brown sold 706 shares of the 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 directly owned 615 shares of the company's stock, valued at approximately $29,876.70. This represents a 53.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 22.31% of the company's stock.

Hedge Funds Weigh In On Guaranty Bancshares

Several large investors have recently modified their holdings of the business. US Bancorp DE acquired a new stake in shares of Guaranty Bancshares during the first quarter valued at about $41,000. Simplex Trading LLC acquired a new stake in shares of Guaranty Bancshares in the second quarter valued at $43,000. Tower Research Capital LLC TRC grew its stake 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 buying an additional 1,934 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Guaranty Bancshares in the first quarter valued at approximately $202,000. Finally, VeraBank N.A. purchased a new position in shares of Guaranty Bancshares in the first quarter valued at approximately $218,000. Institutional investors and hedge funds 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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