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

Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) 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.

Analyst Upgrades and Downgrades

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

Guaranty Bancshares Price Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $455.92 million, a price-to-earnings ratio of 14.55 and a beta of 0.59. The company has a fifty day moving average price of $40.65 and a two-hundred day moving average price of $36.97.

Guaranty Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.24. Guaranty Bancshares’s dividend payout ratio is currently 36.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GNTY. State Street Corp boosted its stake in shares of Guaranty Bancshares by 3.4% during the third quarter. State Street Corp now owns 171,966 shares of the company’s stock worth $5,953,000 after buying an additional 5,680 shares during the period. Zacks Investment Management purchased a new stake in Guaranty Bancshares during the 3rd quarter valued at approximately $1,323,000. Barclays PLC raised its stake in Guaranty Bancshares by 75.4% during the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after acquiring an additional 10,299 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 2,896 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after purchasing an additional 18,015 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.