EP Wealth Advisors LLC Takes $804,000 Position in Guaranty Bancshares, Inc. $GNTY

Key Points

• EP Wealth Advisors LLC has acquired a new position in Guaranty Bancshares, purchasing 20,093 shares valued at approximately $804,000, representing a 0.18% ownership stake.
• Guaranty Bancshares has announced a quarterly dividend of $0.25, translating to a $1.00 annualized dividend and a dividend yield of 2.0%.
• Currently, the stock holds a consensus rating of "Moderate Buy" with an average price target of $45.00, while Stephens has set a specific price target of $47.00.

EP Wealth Advisors LLC acquired a new stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,093 shares of the company's stock, valued at approximately $804,000. EP Wealth Advisors LLC owned approximately 0.18% of Guaranty Bancshares as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of GNTY. US Bancorp DE purchased a new stake in Guaranty Bancshares during the first quarter worth $41,000. Wells Fargo & Company MN increased its holdings in shares of Guaranty Bancshares by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock valued at $160,000 after acquiring an additional 967 shares during the period. PDT Partners LLC purchased a new position in shares of Guaranty Bancshares in the 1st quarter valued at $202,000. VeraBank N.A. bought a new position in shares of Guaranty Bancshares in the 1st quarter worth $218,000. Finally, McNaughton Wealth Management LLC purchased a new stake in shares of Guaranty Bancshares during the 1st quarter worth $220,000. Institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Stock Up 1.1%

Shares of GNTY stock traded up $0.55 during trading hours on Thursday, reaching $49.20. 30,959 shares of the company's stock were exchanged, compared to its average volume of 42,592. Guaranty Bancshares, Inc. has a 1 year low of $32.04 and a 1 year high of $50.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock has a market cap of $558.74 million, a PE ratio of 17.89 and a beta of 0.47. The stock's fifty day moving average price is $46.32 and its two-hundred day moving average price is $42.48.

Guaranty Bancshares Announces Dividend

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

Insider Transactions at Guaranty Bancshares

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

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "overweight" rating and set a $47.00 price objective on shares of Guaranty Bancshares in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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.