Deprince Race & Zollo Inc. Buys 5,247 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Deprince Race & Zollo Inc. grew its position in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,674 shares of the company’s stock after purchasing an additional 5,247 shares during the period. Deprince Race & Zollo Inc.’s holdings in Guaranty Bancshares were worth $3,932,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GNTY. Leo Wealth LLC bought a new stake in shares of Guaranty Bancshares in the fourth quarter valued at about $318,000. BNP Paribas Financial Markets boosted its position in Guaranty Bancshares by 97.2% during the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock worth $124,000 after acquiring an additional 2,017 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Guaranty Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock worth $657,000 after acquiring an additional 1,575 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Guaranty Bancshares by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock valued at $2,045,000 after purchasing an additional 12,111 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Guaranty Bancshares by 2.9% in the first quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock worth $13,003,000 after purchasing an additional 12,121 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GNTY. Keefe, Bruyette & Woods lifted their price target on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th. Stephens upped their target price on Guaranty Bancshares from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th.

Guaranty Bancshares Price Performance

NASDAQ:GNTY opened at $33.98 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Guaranty Bancshares, Inc. has a 12-month low of $26.29 and a 12-month high of $37.28. The stock’s 50 day moving average price is $33.32 and its two-hundred day moving average price is $31.01. The firm has a market capitalization of $391.35 million, a price-to-earnings ratio of 13.93 and a beta of 0.57.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings results on Monday, July 15th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.10. The business had revenue of $28.48 million during the quarter, compared to the consensus estimate of $28.50 million. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. On average, analysts anticipate that Guaranty Bancshares, Inc. will post 2.41 earnings per share for the current year.

Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a $0.24 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.83%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 39.34%.

Insider Buying and Selling at Guaranty Bancshares

In other news, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the chief executive officer now owns 69,953 shares of the company’s stock, valued at $2,378,402. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Guaranty Bancshares news, CEO Tyson T. Abston sold 5,610 shares of Guaranty Bancshares stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $34.38, for a total value of $192,871.80. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,509,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tyson T. Abston sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now directly owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. The disclosure for this sale can be found here. Insiders have sold a total of 16,897 shares of company stock valued at $567,018 in the last three months. 26.39% of the stock is currently owned by company insiders.

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.