State Street Corp Has $5.95 Million Stock Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

State Street Corp lifted its holdings in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 171,966 shares of the company’s stock after purchasing an additional 5,680 shares during the period. State Street Corp’s holdings in Guaranty Bancshares were worth $5,953,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Guaranty Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock valued at $11,227,000 after purchasing an additional 12,837 shares during the period. Deprince Race & Zollo Inc. boosted its stake in Guaranty Bancshares by 4.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock worth $3,932,000 after acquiring an additional 5,247 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Guaranty Bancshares by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after buying an additional 1,294 shares during the period. FCG Investment Co bought a new stake in shares of Guaranty Bancshares in the third quarter worth about $1,549,000. Finally, MGB Wealth Management LLC acquired a new stake in Guaranty Bancshares during the 3rd quarter worth approximately $631,000. 39.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GNTY shares. Stephens increased their price objective on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Activity at Guaranty Bancshares

In related news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at $3,436,020. This represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.39% of the stock is currently owned by company insiders.

Guaranty Bancshares Stock Performance

Shares of NASDAQ:GNTY opened at $34.46 on Friday. The company’s 50 day moving average price is $35.55 and its two-hundred day moving average price is $33.58. Guaranty Bancshares, Inc. has a 12-month low of $27.01 and a 12-month high of $38.93. 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 firm has a market cap of $393.67 million, a PE ratio of 14.42 and a beta of 0.60.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $45.59 million during the quarter, compared to the consensus estimate of $29.40 million. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. During the same quarter in the prior year, the firm posted $0.54 EPS. Equities research analysts predict that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current year.

Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 30th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.79%. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 40.17%.

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.