Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,860 shares of the company’s stock after acquiring an additional 2,896 shares during the quarter. Geode Capital Management LLC’s holdings in Guaranty Bancshares were worth $6,461,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GNTY. MGB Wealth Management LLC purchased a new stake in Guaranty Bancshares during the third quarter worth $631,000. FCG Investment Co acquired a new position in shares of Guaranty Bancshares during the 3rd quarter worth $1,549,000. State Street Corp boosted its position in shares of Guaranty Bancshares by 3.4% in the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock worth $5,953,000 after buying an additional 5,680 shares in the last quarter. Barclays PLC boosted its position in shares of Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after buying an additional 10,299 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Guaranty Bancshares by 4.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after acquiring an additional 5,247 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Guaranty Bancshares Stock Performance

Guaranty Bancshares stock opened at $34.20 on Friday. The stock has a fifty day moving average price of $35.64 and a 200 day moving average price of $33.77. Guaranty Bancshares, Inc. has a 52 week low of $27.01 and a 52 week high of $38.93. The firm has a market capitalization of $390.56 million, a P/E ratio of 14.31 and a beta of 0.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating 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 company posted $0.54 EPS. Equities research analysts anticipate that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current year.

Guaranty Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, December 30th. Guaranty Bancshares’s payout ratio is 40.17%.

Insider Activity

In related news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at $3,436,020. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 26.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Guaranty Bancshares 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.