PDT Partners LLC Takes Position 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 acquired a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,047 shares of the company's stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake 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 worth $160,000 after acquiring an additional 967 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Guaranty Bancshares in the fourth quarter valued at about $532,000. Dimensional Fund Advisors LP raised its holdings in Guaranty Bancshares by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company's stock worth $13,156,000 after acquiring an additional 8,875 shares in the last quarter. Northern Trust Corp grew its stake in Guaranty Bancshares by 5.1% in the fourth quarter. Northern Trust Corp now owns 73,503 shares of the company's stock valued at $2,543,000 after purchasing an additional 3,553 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Guaranty Bancshares by 110.4% during the 4th quarter. Bank of America Corp DE now owns 15,066 shares of the company's stock worth $521,000 after purchasing an additional 7,905 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens restated 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Guaranty Bancshares Stock Down 0.2%

GNTY stock opened at $49.58 on Friday. Guaranty Bancshares, Inc. has a 1-year low of $32.04 and a 1-year high of $50.50. The business's 50 day simple moving average is $46.01 and its 200 day simple moving average is $42.26. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $563.03 million, a PE ratio of 18.03 and a beta of 0.47.

Guaranty Bancshares Announces Dividend

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

Insider Activity

In other news, EVP William Travis Brown sold 706 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction 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 trade represents a 53.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

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