Jacobs Levy Equity Management Inc. Increases Position in Guaranty Bancshares, Inc. $GNTY

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Guaranty Bancshares, Inc. by 51.3%, acquiring a total of 25,173 shares worth approximately $1,008,000.
• Guaranty Bancshares announced a quarterly dividend of $0.25 per share, yielding 2.0% with a payout ratio of 31.85%.
• Analysts have a consensus rating of "Moderate Buy" for Guaranty Bancshares, with a price target of $45.00 per share.

Jacobs Levy Equity Management Inc. boosted its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 51.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,173 shares of the company's stock after purchasing an additional 8,536 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.22% of Guaranty Bancshares worth $1,008,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 purchasing an additional 9,873 shares during the period. Russell Investments Group Ltd. raised its stake in Guaranty Bancshares by 1.0% during the first 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 period. Northern Trust Corp raised its stake in Guaranty Bancshares by 5.1% during the fourth quarter. Northern Trust Corp now owns 73,503 shares of the company's stock worth $2,543,000 after purchasing an additional 3,553 shares during the period. American Century Companies Inc. raised its stake in Guaranty Bancshares by 36.0% during the first quarter. American Century Companies Inc. now owns 65,637 shares of the company's stock worth $2,627,000 after purchasing an additional 17,370 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Guaranty Bancshares by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock valued at $1,696,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Stock Up 1.1%

NASDAQ GNTY opened at $49.20 on Friday. The stock has a market cap of $558.74 million, a PE ratio of 17.89 and a beta of 0.47. Guaranty Bancshares, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $50.50. The business has a 50 day moving average price of $46.32 and a two-hundred day moving average price of $42.48. 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 Dividend Announcement

The company also recently declared 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 2.0%. Guaranty Bancshares's payout ratio is 31.85%.

Insider Transactions at Guaranty Bancshares

In related news, EVP William Travis Brown sold 706 shares of Guaranty Bancshares stock in a transaction on Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction of $34,297.48. Following the sale, the executive vice president owned 615 shares of the company's stock, valued at $29,876.70. The trade was a 53.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.

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