Guaranty Bancshares, Inc. (NASDAQ:GNTY) Plans $0.25 Quarterly Dividend

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.25 per share on Wednesday, July 9th. This represents a $1.00 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, June 30th.

Guaranty Bancshares has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Guaranty Bancshares to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.8%.

Guaranty Bancshares Stock Up 2.9%

Shares of NASDAQ:GNTY traded up $1.18 during midday trading on Monday, reaching $41.73. The company’s stock had a trading volume of 14,677 shares, compared to its average volume of 29,599. Guaranty Bancshares has a 12-month low of $28.55 and a 12-month high of $43.09. The firm has a market capitalization of $473.31 million, a P/E ratio of 15.18 and a beta of 0.44. The firm has a 50 day moving average of $40.60 and a 200-day moving average of $39.19. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a “market perform” rating in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On Guaranty Bancshares

A number of institutional investors have recently made changes to their positions in GNTY. Jane Street Group LLC purchased a new position in Guaranty Bancshares in the 1st quarter worth about $667,000. Empowered Funds LLC bought a new stake in shares of Guaranty Bancshares in the first quarter worth approximately $650,000. Finally, AQR Capital Management LLC purchased a new position in shares of Guaranty Bancshares during the first quarter valued at approximately $332,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.