Acadian Asset Management LLC Boosts Stake in Guaranty Bancshares, Inc. $GNTY

Key Points

• Acadian Asset Management LLC increased its stake in Guaranty Bancshares by 14.8% during the first quarter, acquiring a total of 48,415 shares, worth approximately $1.9 million.
• Guaranty Bancshares recently declared a quarterly dividend of $0.25, yielding 2.1%, with a payout ratio of 31.85%.
• Analysts have a consensus rating of "Moderate Buy" for Guaranty Bancshares, with a target price of $45.00 and one analyst giving an "overweight" rating at $47.00.

Acadian Asset Management LLC boosted its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 14.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 48,415 shares of the company's stock after purchasing an additional 6,227 shares during the period. Acadian Asset Management LLC owned about 0.43% of Guaranty Bancshares worth $1,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of Guaranty Bancshares in the first quarter valued at approximately $41,000. PDT Partners LLC acquired a new position in Guaranty Bancshares during the 1st quarter worth $202,000. VeraBank N.A. bought a new position in shares of Guaranty Bancshares in the 1st quarter worth about $218,000. McNaughton Wealth Management LLC bought a new stake in Guaranty Bancshares in the 1st quarter valued at about $220,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Guaranty Bancshares in the 1st quarter worth approximately $220,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Guaranty Bancshares news, EVP William Travis Brown sold 706 shares of the stock in a transaction dated Friday, August 29th. The shares were 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 $29,876.70. This represents a 53.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an "overweight" rating and set a $47.00 target price on shares of Guaranty Bancshares in a research note 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.com, Guaranty Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

Guaranty Bancshares Stock Down 5.0%

Shares of Guaranty Bancshares stock traded down $2.60 during trading hours on Friday, hitting $49.73. 116,801 shares of the company's stock traded hands, compared to its average volume of 42,721. The stock has a 50 day simple moving average of $46.73 and a 200-day simple moving average of $42.88. The company has a market cap of $564.78 million, a PE ratio of 18.09 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares, Inc. has a twelve month low of $32.04 and a twelve month high of $52.34.

Guaranty Bancshares Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 19th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Friday, September 19th. Guaranty Bancshares's dividend payout ratio (DPR) is currently 31.85%.

Guaranty Bancshares Company 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.