Guaranty Bancshares (NASDAQ:GNTY) Shares Pass Above 50 Day Moving Average - Here's Why

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $35.39 and traded as high as $36.80. Guaranty Bancshares shares last traded at $36.53, with a volume of 29,323 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNTY shares. Stephens increased their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

Guaranty Bancshares Stock Down 5.5 %

The firm has a market cap of $394.36 million, a P/E ratio of 14.44 and a beta of 0.60. The firm's 50-day moving average price is $35.39 and its 200 day moving average price is $33.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. During the same quarter last year, the firm earned $0.54 EPS. On average, equities research analysts expect that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current fiscal year.

Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. Guaranty Bancshares's dividend payout ratio (DPR) is 40.17%.

Insider Transactions at Guaranty Bancshares

In related news, CEO Tyson T. Abston sold 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief executive officer now owns 101,000 shares of the company's stock, valued at approximately $3,436,020. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 26.39% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. MGB Wealth Management LLC bought a new position in shares of Guaranty Bancshares during the third quarter worth about $631,000. Barclays PLC grew its position in Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company's stock worth $823,000 after purchasing an additional 10,299 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Guaranty Bancshares in the third quarter valued at approximately $1,323,000. FCG Investment Co bought a new stake in shares of Guaranty Bancshares during the third quarter valued at approximately $1,549,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company's stock worth $1,460,000 after buying an additional 1,294 shares during the period. 39.39% of the stock is currently owned by institutional investors.

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.