EP Wealth Advisors LLC Purchases New 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 position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) during the 1st quarter, according to the company in its most recent disclosure 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 about 0.18% of Guaranty Bancshares as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNTY. Bank of New York Mellon Corp boosted its position in shares of Guaranty Bancshares by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock valued at $1,696,000 after purchasing an additional 253 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Guaranty Bancshares by 2.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company's stock valued at $576,000 after buying an additional 362 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Guaranty Bancshares by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company's stock valued at $2,944,000 after acquiring an additional 705 shares during the period. Wells Fargo & Company MN grew its position in shares of Guaranty Bancshares by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock worth $160,000 after acquiring an additional 967 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of Guaranty Bancshares in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 39.39% of the company's stock.

Guaranty Bancshares Trading Down 0.2%

NASDAQ:GNTY opened at $49.58 on Friday. Guaranty Bancshares, Inc. has a 12-month low of $32.04 and a 12-month 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's 50 day simple moving average is $46.01 and its 200-day simple moving average is $42.26. The firm has a market cap of $563.03 million, a P/E ratio of 18.03 and a beta of 0.47.

Guaranty Bancshares Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Guaranty Bancshares

In other news, EVP William Travis Brown sold 706 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction of $34,297.48. Following the transaction, the executive vice president directly owned 615 shares in the company, valued at $29,876.70. The trade was a 53.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.31% of the stock is currently owned by insiders.

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.

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