Guaranty Bancshares, Inc. $GNTY Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 20.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,936 shares of the company’s stock after selling 6,820 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of Guaranty Bancshares worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GNTY. EP Wealth Advisors LLC acquired a new stake in shares of Guaranty Bancshares during the first quarter valued at about $804,000. American Century Companies Inc. grew its stake in shares of Guaranty Bancshares by 36.0% in the first quarter. American Century Companies Inc. now owns 65,637 shares of the company’s stock valued at $2,627,000 after buying an additional 17,370 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Guaranty Bancshares in the first quarter valued at $667,000. Empowered Funds LLC acquired a new stake in shares of Guaranty Bancshares in the first quarter valued at $650,000. Finally, Citadel Advisors LLC grew its stake in shares of Guaranty Bancshares by 115.2% in the fourth quarter. Citadel Advisors LLC now owns 26,976 shares of the company’s stock valued at $933,000 after buying an additional 14,442 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Guaranty Bancshares Stock Down 5.0%

Guaranty Bancshares stock opened at $49.73 on Monday. Guaranty Bancshares, Inc. has a twelve month low of $32.04 and a twelve month high of $52.34. The stock has a 50 day moving average of $46.73 and a two-hundred day moving average of $42.92. 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 $564.78 million, a price-to-earnings ratio of 18.09 and a beta of 0.47.

Guaranty Bancshares Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 19th will be paid a $2.30 dividend. The ex-dividend date is Friday, September 19th. Guaranty Bancshares’s dividend payout ratio (DPR) is 31.85%.

Insider Activity at Guaranty Bancshares

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 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 directly owned 615 shares of the company’s stock, valued at $29,876.70. This trade represents a 53.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and set a $47.00 target price on shares of Guaranty Bancshares in a research note on Monday, June 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.