18,360 Shares in Guaranty Bancshares, Inc. (NASDAQ:GNTY) Acquired by MGB Wealth Management LLC

MGB Wealth Management LLC purchased a new position in Guaranty Bancshares, Inc. (NASDAQ:GNTY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,360 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds also recently modified their holdings of GNTY. BNP Paribas Financial Markets raised its holdings in shares of Guaranty Bancshares by 97.2% in the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock worth $124,000 after purchasing an additional 2,017 shares during the period. Russell Investments Group Ltd. grew its stake in Guaranty Bancshares by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock valued at $2,045,000 after buying an additional 12,111 shares in the last quarter. Vanguard Group Inc. grew its stake in Guaranty Bancshares by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 428,302 shares of the company’s stock valued at $13,003,000 after buying an additional 12,121 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Guaranty Bancshares by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after buying an additional 1,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Guaranty Bancshares by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 356,012 shares of the company’s stock valued at $11,227,000 after buying an additional 12,837 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Insiders Place Their Bets

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William Travis Brown sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.75, for a total transaction of $25,312.50. Following the completion of the transaction, the executive vice president now directly owns 1,211 shares of the company’s stock, valued at approximately $40,871.25. This represents a 38.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,797 shares of company stock valued at $367,324 in the last quarter. Corporate insiders own 26.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd.

Guaranty Bancshares Price Performance

Guaranty Bancshares stock opened at $37.80 on Friday. The stock has a market cap of $431.68 million, a price-to-earnings ratio of 15.82 and a beta of 0.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $34.44 and a 200 day simple moving average of $32.40. Guaranty Bancshares, Inc. has a 52 week low of $27.01 and a 52 week high of $37.82.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $45.59 million during the quarter, compared to the consensus estimate of $29.40 million. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. During the same quarter last year, the company posted $0.54 EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. Guaranty Bancshares’s dividend payout ratio is presently 40.17%.

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. 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.