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 50-day moving average during trading on Tuesday . The stock has a 50-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 trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on GNTY. Keefe, Bruyette & Woods lifted their price target on Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens lifted their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd.

Guaranty Bancshares Stock Performance

The stock has a 50-day simple moving average of $35.39 and a 200 day simple moving average of $33.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $417.32 million, a PE ratio of 15.28 and a beta of 0.60.

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

Guaranty Bancshares Dividend Announcement

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

Insider Activity

In other news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief executive officer now directly owns 101,000 shares in the company, valued at $3,436,020. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.39% of the company’s stock.

Institutional Trading of Guaranty Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. MGB Wealth Management LLC purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at $631,000. Barclays PLC lifted its position in shares of 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 acquiring an additional 10,299 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at $1,323,000. FCG Investment Co acquired a new position in Guaranty Bancshares in the third quarter valued at $1,549,000. Finally, Bank of New York Mellon Corp increased its stake 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. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

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.