Guaranty Bancshares (NASDAQ:GNTY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Guaranty Bancshares, Inc. (NASDAQ:GNTY)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $35.39 and traded as high as $36.80. Guaranty Bancshares shares last traded at $36.53, with a volume of 29,323 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GNTY. Stephens upped their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Guaranty Bancshares from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Guaranty Bancshares Price Performance

The company has a market capitalization of $417.32 million, a price-to-earnings ratio of 15.28 and a beta of 0.60. 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 company has a 50 day simple moving average of $35.39 and a 200 day simple moving average of $33.26.

Guaranty Bancshares (NASDAQ:GNTY) last posted its earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. The business had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, research analysts predict that Guaranty Bancshares, Inc. will post 2.46 EPS for the current year.

Guaranty Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 40.17%.

Insider Activity

In other news, CEO Tyson T. Abston sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief executive officer now owns 101,000 shares in the company, valued at approximately $3,436,020. This trade represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.39% of the company’s stock.

Institutional Investors Weigh In On Guaranty Bancshares

A number of large investors have recently modified their holdings of GNTY. MGB Wealth Management LLC acquired a new stake in shares of Guaranty Bancshares in the third quarter valued at about $631,000. Barclays PLC boosted its holdings in Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after purchasing an additional 10,299 shares during the last quarter. Zacks Investment Management purchased a new position in Guaranty Bancshares in the third quarter valued at about $1,323,000. Bank of New York Mellon Corp boosted its holdings in Guaranty Bancshares by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,294 shares during the last quarter. Finally, FCG Investment Co purchased a new position in Guaranty Bancshares in the third quarter valued at about $1,549,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.