Martingale Asset Management L P Takes $220,000 Position in Guaranty Bancshares, Inc. $GNTY

Key Points

• Martingale Asset Management acquired a new stake in Guaranty Bancshares, purchasing 5,488 shares valued at approximately $220,000 during the first quarter.
• Guaranty Bancshares recently declared a quarterly dividend of $0.25, representing an annualized yield of 2.1% with a dividend payout ratio of 31.85%.
• According to analyst ratings, Guaranty Bancshares has an average rating of "Moderate Buy" and a target price of $45.00, with Stephens reissuing an "overweight" rating and a target price of $47.00.

Martingale Asset Management L P purchased a new position in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,488 shares of the company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE bought a new stake in Guaranty Bancshares during the first quarter worth approximately $41,000. Wells Fargo & Company MN increased its position in shares of Guaranty Bancshares by 26.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock valued at $160,000 after purchasing an additional 967 shares during the period. VeraBank N.A. bought a new stake in shares of Guaranty Bancshares in the 1st quarter worth $218,000. McNaughton Wealth Management LLC acquired a new stake in shares of Guaranty Bancshares in the first quarter valued at $220,000. Finally, Deutsche Bank AG lifted its holdings in shares of Guaranty Bancshares by 337.6% in the fourth quarter. Deutsche Bank AG now owns 6,686 shares of the company's stock valued at $231,000 after buying an additional 5,158 shares during the period. 39.39% of the stock is currently owned by institutional investors.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY traded up $0.47 on Monday, reaching $49.19. 50,353 shares of the company traded hands, compared to its average volume of 42,896. The stock has a market capitalization of $558.60 million, a PE ratio of 17.89 and a beta of 0.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The company's 50 day moving average is $45.48 and its 200-day moving average is $42.05. Guaranty Bancshares, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $49.37.

Guaranty Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 30th. Guaranty Bancshares's dividend payout ratio is currently 31.85%.

Insider Buying and Selling at Guaranty Bancshares

In related news, EVP William Travis Brown sold 706 shares of the 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 transaction, the executive vice president owned 615 shares in the company, valued at $29,876.70. This trade represents a 53.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stephens reaffirmed an "overweight" rating and set a $47.00 target price on shares of Guaranty Bancshares in a report on Monday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Guaranty Bancshares 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.