FCG Investment Co Sells 46,233 Shares of Guaranty Bancshares, Inc. $GNTY

Key Points

• FCG Investment Co significantly reduced its holdings in Guaranty Bancshares, Inc. by 83.0%, now holding approximately 9,487 shares worth $380,000.
• Guaranty Bancshares recently announced a quarterly dividend of $0.25, resulting in an annual yield of 2.2%.
• Analysts have issued positive ratings for Guaranty Bancshares, with Stephens setting a price target of $47.00 on June 30th.

FCG Investment Co lessened its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 83.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,487 shares of the company's stock after selling 46,233 shares during the quarter. FCG Investment Co owned 0.08% of Guaranty Bancshares worth $380,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Guaranty Bancshares by 36.0% in the 1st quarter. American Century Companies Inc. now owns 65,637 shares of the company's stock valued at $2,627,000 after buying an additional 17,370 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Guaranty Bancshares by 1.0% in the 1st 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 in the last quarter. Informed Momentum Co LLC bought a new position in shares of Guaranty Bancshares in the 1st quarter valued at about $427,000. Deutsche Bank AG increased its position in shares of Guaranty Bancshares by 22.7% in the first quarter. Deutsche Bank AG now owns 8,206 shares of the company's stock valued at $328,000 after acquiring an additional 1,520 shares during the last quarter. Finally, VeraBank N.A. acquired a new stake in shares of Guaranty Bancshares in the first quarter valued at about $218,000. Institutional investors and hedge funds own 39.39% of the company's stock.

Guaranty Bancshares Stock Performance

Shares of Guaranty Bancshares stock traded down $0.65 during trading on Thursday, hitting $45.46. 41,294 shares of the stock were exchanged, compared to its average volume of 42,979. 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 company has a fifty day moving average price of $44.28 and a 200-day moving average price of $41.67. The stock has a market capitalization of $516.24 million, a price-to-earnings ratio of 16.53 and a beta of 0.43. Guaranty Bancshares, Inc. has a 1-year low of $32.04 and a 1-year high of $47.20.

Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.2%. Guaranty Bancshares's dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "overweight" rating and set a $47.00 price target 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.00.

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.