10,675 Shares in Guaranty Bancshares, Inc. (NASDAQ:GNTY) Acquired by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC has acquired 10,675 shares of Guaranty Bancshares, Inc. for approximately $427,000, marking a new position in the company.
• Guaranty Bancshares recently paid a $0.25 quarterly dividend per share, which translates to an annualized dividend of $1.00 and a yield of 2.1%.
• Analysts have updated their price targets for Guaranty Bancshares, with Keefe, Bruyette & Woods raising their target from $42.00 to $43.00 and Stephens setting a price objective of $47.00.

Informed Momentum Co LLC bought a new position in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,675 shares of the company's stock, valued at approximately $427,000. Informed Momentum Co LLC owned approximately 0.09% of Guaranty Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Guaranty Bancshares by 2.2% in the first quarter. Vanguard Group Inc. now owns 452,695 shares of the company's stock worth $18,121,000 after buying an additional 9,873 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Guaranty Bancshares by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company's stock worth $13,156,000 after buying an additional 8,875 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Guaranty Bancshares in the fourth quarter worth approximately $5,682,000. Northern Trust Corp boosted its stake in Guaranty Bancshares by 5.1% in the fourth quarter. Northern Trust Corp now owns 73,503 shares of the company's stock worth $2,543,000 after buying an additional 3,553 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Guaranty Bancshares by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock worth $1,696,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Analyst Upgrades and Downgrades

GNTY has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 22nd. Stephens reissued an "overweight" rating and set a $47.00 price objective on shares of Guaranty Bancshares in a research note on Monday, June 30th.

Guaranty Bancshares Stock Performance

NASDAQ:GNTY opened at $46.73 on Thursday. The firm has a market cap of $530.28 million, a PE ratio of 16.99 and a beta of 0.43. Guaranty Bancshares, Inc. has a fifty-two week low of $30.49 and a fifty-two week high of $47.20. 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 business has a 50 day moving average price of $43.82 and a 200-day moving average price of $41.52.

Guaranty Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 30th. Guaranty Bancshares's dividend payout ratio is 31.85%.

Guaranty Bancshares 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.

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