Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Purchased by State Street Corp

State Street Corp increased its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,966 shares of the company’s stock after purchasing an additional 5,680 shares during the quarter. State Street Corp owned 1.51% of Guaranty Bancshares worth $5,953,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. MGB Wealth Management LLC acquired a new position in Guaranty Bancshares during the third quarter worth about $631,000. Bank of New York Mellon Corp lifted its stake in shares of Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock worth $1,460,000 after purchasing an additional 1,294 shares in the last quarter. FCG Investment Co purchased a new position in Guaranty Bancshares in the 3rd quarter worth approximately $1,549,000. Deprince Race & Zollo Inc. increased 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 buying an additional 5,247 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Guaranty Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock worth $11,227,000 after acquiring an additional 12,837 shares in the last quarter. 39.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction dated 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 owns 101,000 shares of the company’s stock, valued at $3,436,020. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 26.39% of the company’s stock.

Wall Street Analysts Forecast Growth

GNTY has been the subject of several research analyst reports. Stephens boosted their price objective on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Guaranty Bancshares Stock Down 2.3 %

GNTY stock opened at $34.46 on Friday. The firm has a market cap of $393.67 million, a PE ratio of 14.42 and a beta of 0.60. Guaranty Bancshares, Inc. has a 12 month low of $27.01 and a 12 month high of $38.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $35.55 and a 200 day simple moving average of $33.58.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. During the same period in the previous year, the business earned $0.54 EPS. Equities research analysts forecast that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current fiscal year.

Guaranty Bancshares Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.79%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 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.