Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) fell 0.9% during mid-day trading on Friday . The company traded as low as $29.32 and last traded at $29.32. 4,248 shares were traded during mid-day trading, a decline of 71% from the average session volume of 14,796 shares. The stock had previously closed at $29.58.
Analyst Ratings Changes
Separately, Stephens reissued an "overweight" rating and set a $36.00 price target on shares of Guaranty Bancshares in a report on Wednesday, January 17th.
Read Our Latest Report on GNTY
Guaranty Bancshares Stock Down 0.9 %
The company's 50 day moving average price is $29.99 and its two-hundred day moving average price is $30.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $338.06 million, a P/E ratio of 11.50 and a beta of 0.53.
Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $28.61 million during the quarter, compared to the consensus estimate of $27.65 million. Guaranty Bancshares had a net margin of 16.79% and a return on equity of 9.87%. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, research analysts expect that Guaranty Bancshares, Inc. will post 2.2 earnings per share for the current year.
Guaranty Bancshares Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Monday, March 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.27%. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 22nd. Guaranty Bancshares's dividend payout ratio is presently 37.65%.
Insider Transactions at Guaranty Bancshares
In other news, Director James S. Bunch bought 1,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $29.40 per share, with a total value of $29,400.00. Following the purchase, the director now directly owns 166,000 shares in the company, valued at approximately $4,880,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 24.98% of the company's stock.
Institutional Investors Weigh In On Guaranty Bancshares
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Guaranty Bancshares by 8.5% in the second quarter. BlackRock Inc. now owns 590,321 shares of the company's stock valued at $15,986,000 after buying an additional 46,267 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Guaranty Bancshares by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 416,181 shares of the company's stock worth $13,992,000 after acquiring an additional 9,777 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Guaranty Bancshares by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 331,502 shares of the company's stock worth $11,145,000 after acquiring an additional 12,470 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Guaranty Bancshares by 1,436.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 164,211 shares of the company's stock worth $5,521,000 after acquiring an additional 153,525 shares during the period. Finally, State Street Corp increased its stake in shares of Guaranty Bancshares by 0.7% during the second quarter. State Street Corp now owns 163,179 shares of the company's stock worth $4,457,000 after acquiring an additional 1,129 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.
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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