JPMorgan Chase & Co. lifted its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY – Free Report) by 356.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,070 shares of the company’s stock after purchasing an additional 18,015 shares during the period. JPMorgan Chase & Co. owned about 0.20% of Guaranty Bancshares worth $793,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of GNTY. Barclays PLC grew its position in Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after acquiring an additional 10,299 shares during the period. Geode Capital Management LLC lifted its position in Guaranty Bancshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock valued at $6,461,000 after acquiring an additional 2,896 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Guaranty Bancshares in the third quarter valued at approximately $1,323,000. State Street Corp grew its position in Guaranty Bancshares by 3.4% during the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock worth $5,953,000 after purchasing an additional 5,680 shares during the last quarter. Finally, MGB Wealth Management LLC acquired a new position in shares of Guaranty Bancshares in the third quarter valued at approximately $631,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on GNTY shares. Keefe, Bruyette & Woods boosted their target price on Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd. Stephens raised their target price on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd.
Guaranty Bancshares Trading Down 0.7 %
NASDAQ GNTY opened at $41.02 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $468.39 million, a price-to-earnings ratio of 14.91 and a beta of 0.61. The company’s 50 day moving average price is $36.05 and its 200 day moving average price is $34.46. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $42.15.
Guaranty Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, December 30th. Guaranty Bancshares’s payout ratio is 34.91%.
Insider Activity at Guaranty Bancshares
In related news, CEO Tyson T. Abston sold 7,000 shares of Guaranty Bancshares stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the sale, the chief executive officer now owns 101,000 shares of the company’s stock, valued at $3,436,020. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 26.39% 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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