Guaranty Bancshares (NASDAQ:GNTY) Price Target Raised to $43.00 at Keefe, Bruyette & Woods

Guaranty Bancshares (NASDAQ:GNTY - Free Report) had its price target raised by Keefe, Bruyette & Woods from $42.00 to $43.00 in a research note published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Guaranty Bancshares Stock Performance

Shares of Guaranty Bancshares stock traded down $0.32 on Tuesday, hitting $39.62. The stock had a trading volume of 20,032 shares, compared to its average volume of 27,840. The stock has a market cap of $449.77 million, a price-to-earnings ratio of 14.41 and a beta of 0.49. 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 has a 52-week low of $27.01 and a 52-week high of $42.95. The company's 50 day moving average price is $39.58 and its 200 day moving average price is $37.60.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.52%. Guaranty Bancshares's dividend payout ratio (DPR) is 34.25%.

Institutional Trading of Guaranty Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of GNTY. Jacobs Levy Equity Management Inc. increased its stake in Guaranty Bancshares by 2.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company's stock valued at $576,000 after purchasing an additional 362 shares during the period. Rhumbline Advisers raised its stake in Guaranty Bancshares by 3.8% during the 4th quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock valued at $402,000 after acquiring an additional 428 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Guaranty Bancshares during the 4th quarter worth approximately $30,000. Wells Fargo & Company MN grew its stake in shares of Guaranty Bancshares by 26.4% in the 4th 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 last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Guaranty Bancshares by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock valued at $1,457,000 after purchasing an additional 1,180 shares during the last quarter. Hedge funds and other institutional investors 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.