Jacobs Levy Equity Management Inc. Raises Stock Holdings 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,173 shares of the company's stock after acquiring an additional 8,536 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.22% of Guaranty Bancshares worth $1,008,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. US Bancorp DE bought a new position in shares of Guaranty Bancshares during the 1st quarter valued at approximately $41,000. GAMMA Investing LLC boosted its stake in Guaranty Bancshares by 57,540.0% during the first quarter. GAMMA Investing LLC now owns 2,882 shares of the company's stock worth $1,150,000 after buying an additional 2,877 shares during the period. PDT Partners LLC bought a new position in Guaranty Bancshares during the first quarter valued at $202,000. VeraBank N.A. purchased a new stake in shares of Guaranty Bancshares in the first quarter valued at $218,000. Finally, Martingale Asset Management L P bought a new stake in shares of Guaranty Bancshares in the 1st quarter worth about $220,000. 39.39% of the stock is owned by institutional investors.

Guaranty Bancshares Stock Up 1.6%

Shares of GNTY stock traded up $0.76 during mid-day trading on Wednesday, hitting $48.71. The stock had a trading volume of 37,110 shares, compared to its average volume of 42,247. Guaranty Bancshares, Inc. has a 12-month low of $32.04 and a 12-month high of $50.50. The firm has a market capitalization of $553.15 million, a P/E ratio of 17.71 and a beta of 0.47. The firm's 50-day moving average is $46.53 and its two-hundred day moving average is $42.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.

Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, June 30th. Guaranty Bancshares's dividend payout ratio is currently 31.85%.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Guaranty Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Insider Buying and Selling 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 value of $34,297.48. Following the completion of the sale, the executive vice president directly owned 615 shares in the company, valued at approximately $29,876.70. This represents a 53.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.31% of the company's stock.

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.