Guaranty Bancshares (NASDAQ:GNTY) Trading 2.1% Higher - Here's What Happened

Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) traded up 2.1% during mid-day trading on Wednesday . The stock traded as high as $40.25 and last traded at $40.07. 45,584 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 46,197 shares. The stock had previously closed at $39.26.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd.

Guaranty Bancshares Stock Down 0.2 %

The company has a market cap of $454.96 million, a price-to-earnings ratio of 14.48 and a beta of 0.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $38.79 and its 200-day moving average price is $36.24.

Guaranty Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, December 30th. Guaranty Bancshares's payout ratio is presently 34.91%.

Hedge Funds Weigh In On Guaranty Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new position in Guaranty Bancshares in the 4th quarter worth $30,000. SG Americas Securities LLC acquired a new position in Guaranty Bancshares in the 4th quarter worth $122,000. Wells Fargo & Company MN boosted its stake in Guaranty Bancshares by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock worth $160,000 after purchasing an additional 967 shares during the period. Deutsche Bank AG boosted its stake in Guaranty Bancshares by 337.6% in the 4th quarter. Deutsche Bank AG now owns 6,686 shares of the company's stock worth $231,000 after purchasing an additional 5,158 shares during the period. Finally, Trexquant Investment LP acquired a new position in Guaranty Bancshares in the 4th quarter worth $327,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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About Guaranty Bancshares

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.