US Bancorp DE Takes $41,000 Position in Guaranty Bancshares, Inc. $GNTY

US Bancorp DE purchased a new stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,020 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Guaranty Bancshares by 57,540.0% during the first quarter. GAMMA Investing LLC now owns 2,882 shares of the company’s stock worth $1,150,000 after acquiring an additional 2,877 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Guaranty Bancshares by 26.4% during the fourth 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. McNaughton Wealth Management LLC bought a new stake in Guaranty Bancshares during the first quarter worth about $220,000. Deutsche Bank AG raised its holdings in Guaranty Bancshares by 337.6% during the fourth quarter. Deutsche Bank AG now owns 6,686 shares of the company’s stock worth $231,000 after acquiring an additional 5,158 shares in the last quarter. Finally, Texas Bank & Trust Co bought a new stake in Guaranty Bancshares during the fourth quarter worth about $450,000. Institutional investors own 39.39% of the company’s stock.

Guaranty Bancshares Price Performance

NASDAQ:GNTY opened at $46.2650 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $44.20 and its two-hundred day moving average price is $41.64. The firm has a market capitalization of $525.39 million, a price-to-earnings ratio of 16.82 and a beta of 0.43. Guaranty Bancshares, Inc. has a 12-month low of $32.04 and a 12-month high of $47.20.

Guaranty Bancshares Dividend Announcement

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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. Guaranty Bancshares’s dividend payout ratio is presently 31.85%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $42.00 to $43.00 and gave the stock a “market perform” rating in a report on Tuesday, April 22nd. Stephens reiterated an “overweight” rating and set a $47.00 target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.