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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of Guaranty Bancshares during the first quarter worth $41,000. Bank of New York Mellon Corp grew its stake in Guaranty Bancshares by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company's stock worth $1,696,000 after purchasing an additional 253 shares in the last quarter. McNaughton Wealth Management LLC purchased a new stake in Guaranty Bancshares during the 1st quarter worth about $220,000. GAMMA Investing LLC increased its holdings in Guaranty Bancshares by 57,540.0% during the 1st quarter. GAMMA Investing LLC now owns 2,882 shares of the company's stock worth $1,150,000 after purchasing an additional 2,877 shares during the period. Finally, Squarepoint Ops LLC raised its position in Guaranty Bancshares by 46.6% in the 4th quarter. Squarepoint Ops LLC now owns 20,249 shares of the company's stock valued at $701,000 after purchasing an additional 6,440 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "overweight" rating and set a $47.00 price objective on shares of Guaranty Bancshares in a research report on Monday, June 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Guaranty Bancshares currently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Insiders Place Their Bets

In other news, EVP William Travis Brown sold 706 shares of the firm's stock in a transaction 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 trade represents a 53.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.31% of the stock is currently owned by company insiders.

Guaranty Bancshares Stock Down 0.5%

GNTY stock traded down $0.23 during trading on Wednesday, hitting $48.45. 12,866 shares of the company's stock were exchanged, compared to its average volume of 42,624. The business has a 50-day moving average price of $45.61 and a two-hundred day moving average price of $42.10. 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 stock has a market capitalization of $550.20 million, a price-to-earnings ratio of 17.61 and a beta of 0.47. Guaranty Bancshares, Inc. has a 52-week low of $32.04 and a 52-week high of $49.37.

Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, June 30th. Guaranty Bancshares's dividend payout ratio (DPR) is 31.85%.

Guaranty Bancshares 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.