Guaranty Bancshares (NASDAQ:GNTY) Sets New 12-Month High – Should You Buy?

Guaranty Bancshares, Inc. (NASDAQ:GNTY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.15 and last traded at $51.53, with a volume of 12784 shares. The stock had previously closed at $48.71.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and set a $47.00 price objective on shares of Guaranty Bancshares in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Guaranty Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Guaranty Bancshares Stock Performance

The firm’s 50 day simple moving average is $46.73 and its 200-day simple moving average is $42.88. 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 capitalization of $564.78 million, a price-to-earnings ratio of 18.09 and a beta of 0.47.

Guaranty Bancshares Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 19th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Friday, September 19th. Guaranty Bancshares’s payout ratio is 31.85%.

Insider Buying and Selling at Guaranty Bancshares

In other news, EVP William Travis Brown sold 706 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $48.58, for a total value of $34,297.48. Following the transaction, the executive vice president directly owned 615 shares of the company’s stock, valued at approximately $29,876.70. This represents a 53.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.31% of the company’s stock.

Institutional Investors Weigh In On Guaranty Bancshares

Hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Guaranty Bancshares in the first quarter valued at about $41,000. Simplex Trading LLC bought a new stake in shares of Guaranty Bancshares in the second quarter valued at about $43,000. Tower Research Capital LLC TRC lifted its stake in shares of Guaranty Bancshares by 666.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,224 shares of the company’s stock valued at $94,000 after buying an additional 1,934 shares during the period. PDT Partners LLC bought a new stake in shares of Guaranty Bancshares in the first quarter valued at about $202,000. Finally, VeraBank N.A. bought a new stake in shares of Guaranty Bancshares in the first quarter valued at about $218,000. 39.39% of the stock is currently owned by institutional investors.

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.