PDT Partners LLC Makes New Investment in Guaranty Bancshares, Inc. $GNTY

Key Points

• PDT Partners LLC has acquired a new position in Guaranty Bancshares, purchasing 5,047 shares valued at approximately $202,000.
• Various institutional investors, including Wells Fargo and Bank of America, have increased their stakes in Guaranty Bancshares, indicating strong institutional interest in the stock.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $45.00 set by analysts, reflecting positive market sentiment.

PDT Partners LLC bought a new stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,047 shares of the company's stock, valued at approximately $202,000.

A number of other institutional investors also recently made changes to their positions in the stock. US Bancorp DE bought a new position in shares of Guaranty Bancshares in the first quarter valued at approximately $41,000. Wells Fargo & Company MN lifted its position in Guaranty Bancshares by 26.4% in 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. VeraBank N.A. bought a new position in Guaranty Bancshares during the 1st quarter valued at $218,000. McNaughton Wealth Management LLC acquired a new stake in Guaranty Bancshares in the 1st quarter valued at about $220,000. Finally, Martingale Asset Management L P acquired a new position in shares of Guaranty Bancshares in the 1st quarter worth approximately $220,000. 39.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens reissued an "overweight" rating and set a $47.00 target price 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Guaranty Bancshares Trading Up 1.1%

Shares of NASDAQ:GNTY traded up $0.55 during midday trading on Thursday, reaching $49.20. The company had a trading volume of 30,959 shares, compared to its average volume of 42,592. The company has a fifty day simple moving average of $46.32 and a two-hundred day simple moving average of $42.48. The firm has a market cap of $558.74 million, a price-to-earnings ratio of 17.89 and a beta of 0.47. Guaranty Bancshares, Inc. has a 1-year low of $32.04 and a 1-year high of $50.50. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a $0.25 dividend. 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 (DPR) is 31.85%.

Insider Activity

In related news, EVP William Travis Brown sold 706 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.31% of the stock is owned by corporate insiders.

About Guaranty Bancshares

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.