Barclays PLC Raises Stock Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Barclays PLC boosted its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 75.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,966 shares of the company’s stock after buying an additional 10,299 shares during the quarter. Barclays PLC’s holdings in Guaranty Bancshares were worth $823,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GNTY. Bank of New York Mellon Corp lifted its holdings in Guaranty Bancshares by 2.9% during 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Guaranty Bancshares by 3.7% in the second 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 last quarter. Deprince Race & Zollo Inc. lifted its position in Guaranty Bancshares by 4.4% during the second 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. FCG Investment Co acquired a new position in Guaranty Bancshares during the 3rd quarter valued at about $1,549,000. Finally, MGB Wealth Management LLC purchased a new position in shares of Guaranty Bancshares in the 3rd quarter valued at approximately $631,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief executive officer now owns 101,000 shares in the company, valued at approximately $3,436,020. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 26.39% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Guaranty Bancshares Price Performance

NASDAQ:GNTY opened at $35.27 on Thursday. The stock has a 50 day moving average price of $35.73 and a 200 day moving average price of $34.03. The stock has a market cap of $402.92 million, a PE ratio of 14.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $38.93.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $45.59 million for the quarter, compared to analyst estimates 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 previous year, the company earned $0.54 EPS. Equities research analysts expect that Guaranty Bancshares, Inc. will post 2.46 EPS for the current fiscal year.

Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.72%. Guaranty Bancshares’s payout ratio is presently 40.17%.

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.