Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods raised 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 Stock Analysis on GNTY
Guaranty Bancshares Stock Performance
The stock's fifty day simple moving average is $40.50 and its two-hundred day simple moving average is $37.05. The company has a market cap of $425.85 million, a price-to-earnings ratio of 13.59 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.
Guaranty Bancshares Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. This is an increase from Guaranty Bancshares's previous quarterly dividend of $0.24. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.68%. Guaranty Bancshares's dividend payout ratio is presently 36.36%.
Hedge Funds Weigh In On Guaranty Bancshares
Several hedge funds and other institutional investors have recently bought and sold shares of GNTY. Strategic Financial Concepts LLC grew its holdings in Guaranty Bancshares by 3,360.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 511,215 shares of the company's stock valued at $17,688,000 after purchasing an additional 496,440 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Guaranty Bancshares in the 4th quarter valued at about $5,682,000. Zacks Investment Management acquired a new stake in shares of Guaranty Bancshares during the third quarter valued at about $1,323,000. JPMorgan Chase & Co. increased its position in shares of Guaranty Bancshares by 82.0% during the fourth quarter. JPMorgan Chase & Co. now owns 41,991 shares of the company's stock worth $1,453,000 after acquiring an additional 18,921 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Guaranty Bancshares in the fourth quarter worth about $532,000. 39.39% of the stock is owned by institutional investors and hedge funds.
Guaranty Bancshares Company Profile
(
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.
See Also
Before you consider Guaranty Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guaranty Bancshares wasn't on the list.
While Guaranty Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
