Guaranty Bancshares (NASDAQ:GNTY) Price Target Raised to $42.00

Guaranty Bancshares (NASDAQ:GNTY) had its price target lifted by Keefe, Bruyette & Woods from $40.00 to $42.00 in a research note published on Wednesday,Benzinga reports. The firm 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 company an “overweight” rating in a report on Tuesday, October 22nd.

Guaranty Bancshares Price Performance

NASDAQ:GNTY opened at $41.02 on Wednesday. Guaranty Bancshares has a 52 week low of $27.01 and a 52 week high of $42.15. The stock’s fifty day moving average is $36.05 and its two-hundred day moving average is $34.40. The company has a market capitalization of $468.39 million, a P/E ratio of 14.91 and a beta of 0.61. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14.

Guaranty Bancshares Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $3,436,020. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Guaranty Bancshares

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Guaranty Bancshares in the 4th quarter valued at approximately $122,000. MGB Wealth Management LLC purchased a new stake in Guaranty Bancshares during the 3rd quarter worth about $631,000. JPMorgan Chase & Co. raised its position in Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after purchasing an additional 18,015 shares in the last quarter. Barclays PLC raised its holdings in Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after acquiring an additional 10,299 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Guaranty Bancshares in the third quarter worth approximately $1,323,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.