Guaranty Bancshares, Inc. $GNTY Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 14.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,415 shares of the company’s stock after acquiring an additional 6,227 shares during the quarter. Acadian Asset Management LLC owned 0.43% of Guaranty Bancshares worth $1,937,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GNTY. US Bancorp DE acquired a new stake in Guaranty Bancshares in the 1st quarter valued at approximately $41,000. PDT Partners LLC acquired a new stake in Guaranty Bancshares in the 1st quarter valued at approximately $202,000. VeraBank N.A. acquired a new stake in Guaranty Bancshares in the 1st quarter valued at approximately $218,000. McNaughton Wealth Management LLC acquired a new stake in Guaranty Bancshares in the 1st quarter valued at approximately $220,000. Finally, Martingale Asset Management L P acquired a new stake in Guaranty Bancshares in the 1st quarter valued at approximately $220,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Guaranty Bancshares Stock Performance

GNTY opened at $48.03 on Wednesday. The firm has a market cap of $545.37 million, a PE ratio of 17.46 and a beta of 0.47. 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 business has a fifty day simple moving average of $46.48 and a 200-day simple moving average of $42.68. Guaranty Bancshares, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $50.50.

Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Guaranty Bancshares’s dividend payout ratio is presently 31.85%.

Insider Activity

In other news, EVP William Travis Brown sold 706 shares of the stock in a transaction on Friday, August 29th. The stock was 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 $29,876.70. This represents a 53.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.31% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Stephens restated an “overweight” rating and issued a $47.00 target price on shares of Guaranty Bancshares in a research report on Monday, June 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

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.