Vanguard Group Inc. Purchases 9,873 Shares of Guaranty Bancshares, Inc. $GNTY

Vanguard Group Inc. boosted its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Guaranty Bancshares by 0.6% in 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 period. Jacobs Levy Equity Management Inc. grew its holdings in Guaranty Bancshares by 2.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company’s stock worth $576,000 after acquiring an additional 362 shares during the period. Wells Fargo & Company MN grew its holdings in 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 during the period. US Bancorp DE acquired a new stake in Guaranty Bancshares during the 1st quarter worth about $41,000. Finally, GAMMA Investing LLC grew 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 acquiring an additional 2,877 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and set a $47.00 price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Guaranty Bancshares Price Performance

Guaranty Bancshares stock opened at $49.19 on Friday. Guaranty Bancshares, Inc. has a 52 week low of $32.04 and a 52 week high of $49.37. The company’s 50 day moving average price is $45.33 and its two-hundred day moving average price is $41.98. 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 has a market cap of $558.60 million, a P/E ratio of 17.89 and a beta of 0.43.

Guaranty Bancshares Announces Dividend

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

Insider Activity

In other news, EVP William Travis Brown sold 706 shares of the firm’s 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 completion of the sale, the executive vice president owned 615 shares in the company, valued at $29,876.70. This trade represents a 53.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.31% of the stock is currently owned by insiders.

About Guaranty Bancshares

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.