Vanguard Group Inc. Has $18.12 Million Stake in Guaranty Bancshares, Inc. $GNTY

Key Points

• Vanguard Group Inc. increased its stake in Guaranty Bancshares by 2.2% during the first quarter, now owning 452,695 shares valued at approximately $18.1 million.
• Guaranty Bancshares recently declared a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 and a dividend yield of 2.0%.
• Wall Street analysts have given Guaranty Bancshares a Moderate Buy rating with an average price target of $45.00 per share, while one analyst has set a target as high as $47.00.

Vanguard Group Inc. boosted its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,695 shares of the company's stock after purchasing an additional 9,873 shares during the period. Vanguard Group Inc. owned about 3.99% of Guaranty Bancshares worth $18,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in shares of Guaranty Bancshares during the 1st quarter worth about $41,000. Bank of New York Mellon Corp boosted its position in Guaranty Bancshares by 0.6% during the first 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 during the last quarter. McNaughton Wealth Management LLC acquired a new position in Guaranty Bancshares during the first quarter valued at approximately $220,000. GAMMA Investing LLC grew its stake in Guaranty Bancshares by 57,540.0% in the first quarter. GAMMA Investing LLC now owns 2,882 shares of the company's stock valued at $1,150,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Guaranty Bancshares by 46.6% during the 4th quarter. Squarepoint Ops LLC now owns 20,249 shares of the company's stock worth $701,000 after purchasing an additional 6,440 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

Guaranty Bancshares Price Performance

GNTY stock traded up $1.10 during midday trading on Thursday, reaching $49.73. The company had a trading volume of 45,243 shares, compared to its average volume of 42,792. Guaranty Bancshares, Inc. has a 1-year low of $32.04 and a 1-year high of $49.81. The stock has a 50 day moving average price of $45.87 and a 200-day moving average price of $42.20. 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 has a market capitalization of $564.76 million, a price-to-earnings ratio of 18.08 and a beta of 0.47.

Guaranty Bancshares Dividend Announcement

The company also recently declared 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 dividend on an annualized basis 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 31.85%.

Insider Activity

In related news, EVP William Travis Brown sold 706 shares of the stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 22.31% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reissued an "overweight" rating and issued a $47.00 price objective 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.