Arkadios Wealth Advisors Sells 41,970 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Key Points

• Arkadios Wealth Advisors reduced its holdings in Guaranty Bancshares, Inc. by 19% in Q1, now owning approximately 179,005 shares valued at around $7.17 million.
• Several institutional investors have increased their stakes in Guaranty Bancshares, including Deutsche Bank AG, which boosted its holdings by 337.6% in the fourth quarter, now holding 6,686 shares.
• Guaranty Bancshares recently declared a quarterly dividend of $0.25 per share, representing a 2.20% dividend yield based on an annual rate of $1.00.

Arkadios Wealth Advisors reduced its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,005 shares of the company's stock after selling 41,970 shares during the quarter. Arkadios Wealth Advisors owned 1.58% of Guaranty Bancshares worth $7,166,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Guaranty Bancshares by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock worth $160,000 after purchasing an additional 967 shares during the period. McNaughton Wealth Management LLC acquired a new stake in shares of Guaranty Bancshares during the first quarter worth approximately $220,000. Deutsche Bank AG boosted its holdings in shares of Guaranty Bancshares by 337.6% during the fourth quarter. Deutsche Bank AG now owns 6,686 shares of the company's stock worth $231,000 after purchasing an additional 5,158 shares during the period. Trexquant Investment LP bought a new position in Guaranty Bancshares during the fourth quarter valued at approximately $327,000. Finally, Texas Bank & Trust Co acquired a new stake in Guaranty Bancshares in the fourth quarter valued at approximately $450,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

Guaranty Bancshares Price Performance

NASDAQ GNTY traded down $0.78 during trading on Wednesday, reaching $44.72. 35,749 shares of the company traded hands, compared to its average volume of 42,561. Guaranty Bancshares, Inc. has a 1-year low of $29.65 and a 1-year high of $47.20. The company has a market cap of $507.20 million, a price-to-earnings ratio of 16.26 and a beta of 0.44. The stock's 50 day moving average price is $43.19 and its two-hundred day moving average price is $41.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.

Guaranty Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Guaranty Bancshares's dividend payout ratio is 31.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNTY. Keefe, Bruyette & Woods lifted their target price on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the company a "market perform" rating in a research note on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and issued a $47.00 target price on shares of Guaranty Bancshares in a research note on Monday, June 30th.

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.