American Century Companies Inc. Sells 650 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

American Century Companies Inc. lowered its position in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,818 shares of the company’s stock after selling 650 shares during the quarter. American Century Companies Inc.’s holdings in Guaranty Bancshares were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 valued at $124,000 after acquiring an additional 2,017 shares in the last quarter. Leo Wealth LLC bought a new stake in Guaranty Bancshares during the 4th quarter valued at $318,000. Empowered Funds LLC boosted its position in Guaranty Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock valued at $657,000 after acquiring an additional 1,575 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 1,294 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Guaranty Bancshares by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock valued at $2,045,000 after acquiring an additional 12,111 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Insider Transactions at Guaranty Bancshares

In other news, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total transaction of $182,156.04. Following the sale, the director now owns 160,357 shares of the company’s stock, valued at $5,176,323.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $32.28, for a total value of $182,156.04. Following the completion of the transaction, the director now owns 160,357 shares in the company, valued at $5,176,323.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Travis Brown sold 750 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.75, for a total transaction of $25,312.50. Following the completion of the transaction, the executive vice president now owns 1,211 shares of the company’s stock, valued at approximately $40,871.25. The disclosure for this sale can be found here. Insiders have sold a total of 16,897 shares of company stock worth $567,018 in the last ninety days. Insiders own 26.39% of the company’s stock.

Guaranty Bancshares Stock Performance

Shares of GNTY stock opened at $34.38 on Tuesday. The firm has a market capitalization of $395.95 million, a price-to-earnings ratio of 14.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average of $33.34 and a 200 day moving average of $31.10. Guaranty Bancshares, Inc. has a 1 year low of $26.29 and a 1 year high of $37.28.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings results on Monday, July 15th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. The firm had revenue of $28.48 million during the quarter, compared to analyst estimates of $28.50 million. As a group, research analysts expect that Guaranty Bancshares, Inc. will post 2.41 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, October 9th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, September 30th. Guaranty Bancshares’s dividend payout ratio is currently 39.34%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stephens increased their target price on Guaranty Bancshares from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price objective on Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th.

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.