Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $40.65 and traded as low as $39.07. Guaranty Bancshares shares last traded at $40.00, with a volume of 27,041 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods upped their target price on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 22nd.
Check Out Our Latest Analysis on GNTY
Guaranty Bancshares Stock Down 2.1 %
The firm has a 50 day moving average price of $40.58 and a 200-day moving average price of $37.00. 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 firm has a market cap of $425.85 million, a price-to-earnings ratio of 13.59 and a beta of 0.49.
Guaranty Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio (DPR) is 36.36%.
Hedge Funds Weigh In On Guaranty Bancshares
Several large investors have recently bought and sold shares of GNTY. Picton Mahoney Asset Management bought a new stake in shares of Guaranty Bancshares during the 4th quarter valued at $30,000. SG Americas Securities LLC bought a new stake in Guaranty Bancshares in the fourth quarter valued at about $122,000. Wells Fargo & Company MN lifted its stake in Guaranty Bancshares by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock valued at $160,000 after buying an additional 967 shares during the period. Deutsche Bank AG lifted its stake in Guaranty Bancshares by 337.6% in the fourth quarter. Deutsche Bank AG now owns 6,686 shares of the company's stock valued at $231,000 after buying an additional 5,158 shares during the period. Finally, Trexquant Investment LP bought a new position in Guaranty Bancshares during the fourth quarter worth about $327,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.
Guaranty Bancshares Company Profile
(
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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.
Further Reading
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