Guaranty Bancshares’ (GNTY) “Overweight” Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Guaranty Bancshares (NASDAQ:GNTY) in a research report released on Monday morning,Benzinga reports. They currently have a $47.00 target price on the stock.

Separately, Keefe, Bruyette & Woods increased their price objective on Guaranty Bancshares from $42.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, April 22nd.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY opened at $45.93 on Monday. 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 business’s fifty day moving average price is $41.21 and its two-hundred day moving average price is $39.50. The stock has a market cap of $520.89 million, a PE ratio of 16.70 and a beta of 0.44. Guaranty Bancshares has a one year low of $29.54 and a one year high of $45.97.

Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Monday, June 30th. Guaranty Bancshares’s dividend payout ratio is presently 34.25%.

Institutional Trading of Guaranty Bancshares

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Guaranty Bancshares by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company’s stock worth $1,696,000 after purchasing an additional 253 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Guaranty Bancshares by 2.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company’s stock valued at $576,000 after purchasing an additional 362 shares during the last quarter. Rhumbline Advisers lifted its position in Guaranty Bancshares by 3.8% during the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company’s stock worth $402,000 after buying an additional 428 shares during the period. Russell Investments Group Ltd. lifted its position in Guaranty Bancshares by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company’s stock worth $2,944,000 after buying an additional 705 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in Guaranty Bancshares in the 4th quarter worth about $30,000. Institutional investors and hedge funds 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.