Castine Capital Management LLC lifted its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,385 shares of the company’s stock after purchasing an additional 4,399 shares during the period. Castine Capital Management LLC owned approximately 0.89% of Guaranty Bancshares worth $3,147,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in GNTY. Rice Hall James & Associates LLC bought a new stake in shares of Guaranty Bancshares during the second quarter worth $1,179,000. Kennedy Capital Management Inc. bought a new stake in shares of Guaranty Bancshares during the second quarter worth $4,768,000. Hennessy Advisors Inc. bought a new stake in shares of Guaranty Bancshares during the second quarter worth $1,438,000. TIAA CREF Investment Management LLC bought a new position in Guaranty Bancshares in the second quarter valued at $156,000. Finally, New York State Common Retirement Fund bought a new position in Guaranty Bancshares in the second quarter valued at $109,000. Institutional investors own 20.04% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th.
Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Monday, October 23rd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Guaranty Bancshares had a net margin of 18.17% and a return on equity of 9.60%. The firm had revenue of $18.80 million during the quarter. equities analysts anticipate that Guaranty Bancshares, Inc. will post 1.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, December 22nd. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.83%. Guaranty Bancshares’s payout ratio is 33.14%.
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About Guaranty Bancshares
Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.
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