Guaranty Bancshares (NASDAQ:GNTY) Price Target Raised to $43.00

Guaranty Bancshares (NASDAQ:GNTY) had its price objective hoisted by Keefe, Bruyette & Woods from $42.00 to $43.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Guaranty Bancshares Stock Performance

GNTY opened at $40.47 on Tuesday. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $42.95. The firm has a market capitalization of $459.42 million, a PE ratio of 14.72 and a beta of 0.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $39.67 and its 200 day moving average price is $37.45.

Guaranty Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.47%. Guaranty Bancshares’s dividend payout ratio is 36.36%.

Hedge Funds Weigh In On Guaranty Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new stake in shares of Guaranty Bancshares in the 4th quarter worth $30,000. SG Americas Securities LLC acquired a new stake in Guaranty Bancshares during the fourth quarter worth about $122,000. Wells Fargo & Company MN increased its position in Guaranty Bancshares by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company’s stock worth $160,000 after purchasing an additional 967 shares during the last quarter. McNaughton Wealth Management LLC purchased a new position in Guaranty Bancshares during the first quarter worth about $220,000. Finally, Deutsche Bank AG boosted its holdings in Guaranty Bancshares by 337.6% in the 4th quarter. Deutsche Bank AG now owns 6,686 shares of the company’s stock valued at $231,000 after purchasing an additional 5,158 shares during the last quarter. 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.