Guaranty Bancshares (NASDAQ:GNTY) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Guaranty Bancshares (NASDAQ:GNTY) had its price objective boosted by Keefe, Bruyette & Woods from $40.00 to $42.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, Stephens boosted their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd.

Guaranty Bancshares Price Performance

Shares of NASDAQ GNTY opened at $41.02 on Wednesday. The stock’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $34.40. The firm has a market capitalization of $468.39 million, a PE ratio of 14.91 and a beta of 0.61. Guaranty Bancshares has a fifty-two week low of $27.01 and a fifty-two week high of $42.15. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 30th. Guaranty Bancshares’s payout ratio is currently 34.91%.

Insider Buying and Selling

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of the business’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 completion of the sale, the chief executive officer now owns 101,000 shares in the company, valued at approximately $3,436,020. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Guaranty Bancshares

A number of institutional investors have recently modified their holdings of GNTY. Dimensional Fund Advisors LP boosted its stake in Guaranty Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock worth $11,227,000 after purchasing an additional 12,837 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Guaranty Bancshares by 4.4% during the second quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock worth $3,932,000 after buying an additional 5,247 shares during the period. FCG Investment Co purchased a new position in shares of Guaranty Bancshares during the third quarter worth about $1,549,000. MGB Wealth Management LLC acquired a new position in Guaranty Bancshares in the 3rd quarter valued at about $631,000. Finally, State Street Corp raised its stake in Guaranty Bancshares by 3.4% during the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock valued at $5,953,000 after acquiring an additional 5,680 shares during the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.