Cultivar Capital Inc. Acquires 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. acquired a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,000 shares of the company's stock, valued at approximately $467,000. Guaranty Bancshares comprises 0.3% of Cultivar Capital Inc.'s investment portfolio, making the stock its 19th largest holding. Cultivar Capital Inc. owned 0.10% of Guaranty Bancshares at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Guaranty Bancshares by 0.6% during the 1st 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. Citadel Advisors LLC boosted its position in Guaranty Bancshares by 115.2% during the 4th quarter. Citadel Advisors LLC now owns 26,976 shares of the company's stock worth $933,000 after acquiring an additional 14,442 shares during the period. Informed Momentum Co LLC bought a new position in shares of Guaranty Bancshares in the 1st quarter valued at approximately $427,000. Vanguard Group Inc. boosted its stake in Guaranty Bancshares by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 452,695 shares of the company's stock valued at $18,121,000 after buying an additional 9,873 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Guaranty Bancshares by 110.4% in the fourth quarter. Bank of America Corp DE now owns 15,066 shares of the company's stock valued at $521,000 after purchasing an additional 7,905 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an "overweight" rating and issued a $47.00 target price on shares of Guaranty Bancshares in a research note on Monday, June 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.00.

Guaranty Bancshares Stock Performance

Shares of Guaranty Bancshares stock opened at $49.12 on Monday. 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 stock has a market capitalization of $557.81 million, a price-to-earnings ratio of 17.86 and a beta of 0.47. The firm's fifty day simple moving average is $46.37 and its 200-day simple moving average is $42.58. Guaranty Bancshares, Inc. has a 12 month low of $32.04 and a 12 month high of $50.50.

Guaranty Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 30th. Guaranty Bancshares's dividend payout ratio (DPR) is 31.85%.

Insider Buying and Selling at Guaranty Bancshares

In related news, EVP William Travis Brown sold 706 shares of the firm'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 transaction, the executive vice president directly owned 615 shares of the company's stock, valued at approximately $29,876.70. This trade represents a 53.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 22.31% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding GNTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.