Cultivar Capital Inc. Purchases Shares of 11,000 Guaranty Bancshares, Inc. $GNTY

Key Points

• Cultivar Capital Inc. has acquired 11,000 shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY), valued at approximately $467,000, making it the firm's 19th largest holding.
• Guaranty Bancshares recently declared a quarterly dividend of $0.25 per share, with an annualized yield of 2.0%, reflecting a dividend payout ratio of 31.85%.
• Analysts have issued a target price of $47.00 for Guaranty Bancshares, with an average rating of "Moderate Buy" based on recent evaluations.

Cultivar Capital Inc. purchased a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,000 shares of the company's stock, valued at approximately $467,000. Guaranty Bancshares makes up about 0.3% of Cultivar Capital Inc.'s holdings, making the stock its 19th biggest holding. Cultivar Capital Inc. owned approximately 0.10% of Guaranty Bancshares at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of Guaranty Bancshares by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock worth $1,696,000 after purchasing an additional 253 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Guaranty Bancshares by 2.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company's stock valued at $576,000 after purchasing an additional 362 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Guaranty Bancshares by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company's stock worth $2,944,000 after acquiring an additional 705 shares during the last quarter. US Bancorp DE bought a new position in shares of Guaranty Bancshares during the first quarter worth about $41,000. Finally, Deutsche Bank AG lifted its holdings in Guaranty Bancshares by 22.7% in the first quarter. Deutsche Bank AG now owns 8,206 shares of the company's stock worth $328,000 after purchasing an additional 1,520 shares during the period. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "overweight" rating and issued a $47.00 price target on shares of Guaranty Bancshares in a report on Monday, June 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Guaranty Bancshares currently has an average rating of "Moderate Buy" and an average target price of $45.00.

Guaranty Bancshares Trading Up 0.0%

Shares of Guaranty Bancshares stock traded up $0.03 during trading on Friday, hitting $50.06. 59,084 shares of the company were exchanged, compared to its average volume of 42,374. The firm has a market capitalization of $568.42 million, a P/E ratio of 18.21 and a beta of 0.47. Guaranty Bancshares, Inc. has a 1-year low of $32.04 and a 1-year high of $52.34. The firm's fifty day moving average price is $46.65 and its 200 day moving average price is $42.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.

Guaranty Bancshares Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 19th will be given a $2.30 dividend. The ex-dividend date is Friday, September 19th. Guaranty Bancshares's payout ratio is currently 31.85%.

Insider Buying and Selling

In other Guaranty Bancshares news, EVP William Travis Brown sold 706 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $48.58, for a total value of $34,297.48. Following the sale, the executive vice president owned 615 shares in the company, valued at approximately $29,876.70. The trade was a 53.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 22.31% 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.