Rice Hall James & Associates LLC lessened its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 19.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,710 shares of the company’s stock after selling 10,240 shares during the period. Rice Hall James & Associates LLC’s holdings in Guaranty Bancshares were worth $1,321,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of GNTY. Russell Investments Group Ltd. acquired a new position in shares of Guaranty Bancshares during the second quarter worth about $112,000. Icon Wealth Partners LLC acquired a new position in shares of Guaranty Bancshares during the second quarter worth about $128,000. The Manufacturers Life Insurance Company lifted its stake in shares of Guaranty Bancshares by 1,087.2% during the first quarter. The Manufacturers Life Insurance Company now owns 6,423 shares of the company’s stock worth $214,000 after purchasing an additional 5,882 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Guaranty Bancshares during the second quarter worth about $241,000. Finally, California State Teachers Retirement System lifted its stake in shares of Guaranty Bancshares by 264.3% during the first quarter. California State Teachers Retirement System now owns 12,023 shares of the company’s stock worth $400,000 after purchasing an additional 8,723 shares in the last quarter. 20.93% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:GNTY opened at $29.80 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 0.90. Guaranty Bancshares, Inc. has a one year low of $28.00 and a one year high of $37.36. The stock has a market capitalization of $350.45 million, a P/E ratio of 19.10 and a beta of -0.04.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Wednesday, September 26th were paid a $0.15 dividend. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, September 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. Guaranty Bancshares’s payout ratio is 38.46%.
In related news, President Kirk L. Lee sold 1,802 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $33.01, for a total value of $59,484.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert P. Sharp purchased 2,203 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was acquired at an average price of $29.28 per share, for a total transaction of $64,503.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,203 shares of company stock worth $226,270. Insiders own 22.57% of the company’s stock.
GNTY has been the topic of a number of recent research reports. Zacks Investment Research cut Guaranty Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. Stephens restated a “hold” rating and set a $36.00 price objective on shares of Guaranty Bancshares in a research note on Tuesday, July 24th. Finally, BidaskClub cut Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Guaranty Bancshares currently has an average rating of “Hold” and an average price target of $34.00.
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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.
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