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

Geode Capital Management LLC grew its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,860 shares of the company’s stock after purchasing an additional 2,896 shares during the period. Geode Capital Management LLC owned approximately 1.65% of Guaranty Bancshares worth $6,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MGB Wealth Management LLC purchased a new stake in Guaranty Bancshares during the third quarter worth about $631,000. Barclays PLC grew its holdings in shares of Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after purchasing an additional 10,299 shares in the last quarter. Zacks Investment Management purchased a new stake in Guaranty Bancshares during the 3rd quarter worth approximately $1,323,000. FCG Investment Co acquired a new stake in Guaranty Bancshares during the 3rd quarter worth approximately $1,549,000. Finally, 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 worth $1,460,000 after buying an additional 1,294 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Guaranty Bancshares Stock Performance

Shares of Guaranty Bancshares stock opened at $34.20 on Friday. 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 quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares, Inc. has a 52 week low of $27.01 and a 52 week high of $38.93. The firm’s 50 day moving average is $35.64 and its two-hundred day moving average is $33.77.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. The company had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. During the same quarter last year, the company posted $0.54 earnings per share. Research analysts forecast 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 will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 30th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, December 30th. Guaranty Bancshares’s dividend payout ratio is currently 40.17%.

Insider Activity

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the sale, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at approximately $3,436,020. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 26.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GNTY. Stephens upped their price objective on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped 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.

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.