Trexquant Investment LP Increases Stock Position in Guaranty Bancshares, Inc. $GNTY

Key Points

• Trexquant Investment LP increased its stake in Guaranty Bancshares by 62.9% during the first quarter, owning 15,405 shares valued at $617,000.
• Analysts have an average target price of $45.00 for Guaranty Bancshares, with Stephens reaffirming an "overweight" rating and a target of $47.00.
• Guaranty Bancshares recently announced a quarterly dividend of $0.25, representing an annual yield of 2.0%.

Trexquant Investment LP grew its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 62.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,405 shares of the company's stock after acquiring an additional 5,946 shares during the quarter. Trexquant Investment LP owned 0.14% of Guaranty Bancshares worth $617,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Guaranty Bancshares in the first quarter worth $41,000. GAMMA Investing LLC increased its position in shares of Guaranty Bancshares by 57,540.0% in the first quarter. GAMMA Investing LLC now owns 2,882 shares of the company's stock worth $1,150,000 after purchasing an additional 2,877 shares during the period. VeraBank N.A. acquired a new stake in Guaranty Bancshares in the first quarter valued at about $218,000. Martingale Asset Management L P acquired a new stake in shares of Guaranty Bancshares during the first quarter valued at about $220,000. Finally, McNaughton Wealth Management LLC acquired a new position in shares of Guaranty Bancshares in the first quarter worth approximately $220,000. Institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Stock Up 1.0%

Shares of Guaranty Bancshares stock traded up $0.46 on Thursday, reaching $49.11. The company's stock had a trading volume of 14,876 shares, compared to its average volume of 42,492. The company has a market capitalization of $557.74 million, a price-to-earnings ratio of 17.84 and a beta of 0.47. Guaranty Bancshares, Inc. has a 52 week low of $32.04 and a 52 week high of $50.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm's fifty day simple moving average is $46.28 and its two-hundred day simple moving average is $42.42.

Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. Guaranty Bancshares's dividend payout ratio is currently 31.85%.

Insider Activity at Guaranty Bancshares

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

Analyst Ratings Changes

Separately, Stephens reiterated an "overweight" rating and set a $47.00 price target on shares of Guaranty Bancshares in a 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 company. According to data from MarketBeat, the company presently 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.