Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 75.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,966 shares of the company’s stock after purchasing an additional 10,299 shares during the period. Barclays PLC owned about 0.21% of Guaranty Bancshares worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Guaranty Bancshares by 2.9% in the second 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. Deprince Race & Zollo Inc. grew its stake in Guaranty Bancshares by 4.4% during the second 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. State Street Corp raised its position in Guaranty Bancshares by 3.4% in the third quarter. State Street Corp now owns 171,966 shares of the company’s stock valued at $5,953,000 after purchasing an additional 5,680 shares during the period. Dimensional Fund Advisors LP lifted its position in Guaranty Bancshares by 3.7% during the 2nd 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. Finally, MGB Wealth Management LLC purchased a new stake in shares of Guaranty Bancshares during the third quarter valued at approximately $631,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 26.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens upped their price target on 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 Stock Performance

Shares of NASDAQ GNTY opened at $34.60 on Wednesday. The stock’s fifty day simple moving average is $35.61 and its 200 day simple moving average is $33.73. The stock has a market capitalization of $395.27 million, a price-to-earnings ratio of 14.48 and a beta of 0.60. Guaranty Bancshares, Inc. has a 52-week low of $27.01 and a 52-week high of $38.93. 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 (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The business had revenue of $45.59 million during the quarter, compared to analysts’ expectations of $29.40 million. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. During the same period last year, the company posted $0.54 earnings per share. As a group, sell-side analysts forecast that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current fiscal year.

Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, December 30th. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 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.