Guaranty Bancshares, Inc. $GNTY Shares Sold by FCG Investment Co

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 shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 83.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,487 shares of the company's stock after selling 46,233 shares during the period. FCG Investment Co owned 0.08% of Guaranty Bancshares worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. American Century Companies Inc. grew its position in shares of Guaranty Bancshares by 36.0% during 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 position in Guaranty Bancshares by 1.0% in the 1st quarter. Russell Investments Group Ltd. now owns 73,550 shares of the company's stock worth $2,944,000 after purchasing an additional 705 shares during the last quarter. Informed Momentum Co LLC bought a new position in Guaranty Bancshares in the 1st quarter worth about $427,000. Deutsche Bank AG grew its position in Guaranty Bancshares by 22.7% in the 1st 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 last quarter. Finally, VeraBank N.A. bought a new position in Guaranty Bancshares in the 1st quarter worth about $218,000. Institutional investors own 39.39% of the company's stock.

Analyst Ratings Changes

Separately, Stephens restated an "overweight" rating and issued a $47.00 target price on shares of Guaranty Bancshares in a research report on Monday, June 30th. One investment 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 has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Guaranty Bancshares Price Performance

Shares of Guaranty Bancshares stock traded up $2.9540 on Friday, hitting $48.4140. The company had a trading volume of 29,037 shares, compared to its average volume of 42,883. The business has a 50-day simple moving average of $44.36 and a 200-day simple moving average of $41.70. 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 company has a market cap of $549.79 million, a PE ratio of 17.60 and a beta of 0.43. Guaranty Bancshares, Inc. has a 52 week low of $32.04 and a 52 week high of $48.39.

Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.1%. Guaranty Bancshares's dividend payout ratio is currently 31.85%.

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.