Guaranty Bancshares (NASDAQ:GNTY) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Guaranty Bancshares, Inc. (NASDAQ:GNTY)’s share price passed 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.

Wall Street Analysts Forecast Growth

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

Guaranty Bancshares Stock Down 0.1 %

The business has a 50-day simple moving average of $40.65 and a 200-day simple moving average of $36.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $455.92 million, a price-to-earnings ratio of 14.55 and a beta of 0.59.

Guaranty Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.50%. Guaranty Bancshares’s dividend payout ratio (DPR) is 36.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Guaranty Bancshares by 3.4% in the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock valued at $5,953,000 after purchasing an additional 5,680 shares in the last quarter. Zacks Investment Management purchased a new position in Guaranty Bancshares in the third quarter valued at $1,323,000. Barclays PLC raised its stake 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 buying an additional 10,299 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Guaranty Bancshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock worth $6,461,000 after buying an additional 2,896 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Guaranty Bancshares by 356.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock worth $793,000 after acquiring an additional 18,015 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.