Guaranty Bancshares, Inc. $GNTY Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs has reduced its stake in Guaranty Bancshares by 20.2%, now owning approximately 0.24% of the company, valued at $1,078,000.
• Guaranty Bancshares has recently announced a special $2.30 dividend to be paid on September 23rd to shareholders of record as of September 19th.
• The stock has experienced a 5.0% decline recently, with current trading at $49.73 and a twelve-month range of $32.04 to $52.34.

Goldman Sachs Group Inc. trimmed its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,936 shares of the company's stock after selling 6,820 shares during the period. Goldman Sachs Group Inc. owned about 0.24% of Guaranty Bancshares worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Citadel Advisors LLC increased its holdings in shares of Guaranty Bancshares by 115.2% in the fourth quarter. Citadel Advisors LLC now owns 26,976 shares of the company's stock worth $933,000 after purchasing an additional 14,442 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Guaranty Bancshares by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock worth $1,696,000 after acquiring an additional 253 shares during the last quarter. Informed Momentum Co LLC bought a new stake in Guaranty Bancshares during the first quarter worth approximately $427,000. Vanguard Group Inc. increased its stake in Guaranty Bancshares by 2.2% during the first quarter. Vanguard Group Inc. now owns 452,695 shares of the company's stock worth $18,121,000 after acquiring an additional 9,873 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Guaranty Bancshares by 110.4% during the fourth quarter. Bank of America Corp DE now owns 15,066 shares of the company's stock worth $521,000 after acquiring an additional 7,905 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Guaranty Bancshares

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

Wall Street Analyst Weigh In

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

Guaranty Bancshares Trading Down 0.2%

GNTY stock traded down $0.10 during midday trading on Monday, reaching $49.64. The company's stock had a trading volume of 43,185 shares, compared to its average volume of 42,723. The stock has a fifty day simple moving average of $46.79 and a two-hundred day simple moving average of $42.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $563.72 million, a price-to-earnings ratio of 18.05 and a beta of 0.47. Guaranty Bancshares, Inc. has a 1 year low of $32.04 and a 1 year high of $52.34.

Guaranty Bancshares Announces Dividend

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

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.