SG Americas Securities LLC Buys 763 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

SG Americas Securities LLC grew its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 20.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,461 shares of the company’s stock after buying an additional 763 shares during the period. SG Americas Securities LLC’s holdings in Guaranty Bancshares were worth $150,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GNTY. Charles Schwab Investment Management Inc. raised its stake in shares of Guaranty Bancshares by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,871 shares of the company’s stock valued at $758,000 after buying an additional 416 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Guaranty Bancshares by 6.2% during the second quarter. JPMorgan Chase & Co. now owns 8,072 shares of the company’s stock worth $219,000 after acquiring an additional 473 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Guaranty Bancshares by 42.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,601 shares of the company’s stock worth $55,000 after acquiring an additional 476 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Guaranty Bancshares by 313.6% in the fourth quarter. Lazard Asset Management LLC now owns 790 shares of the company’s stock worth $27,000 after acquiring an additional 599 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Guaranty Bancshares by 9.5% in the third quarter. Royal Bank of Canada now owns 8,649 shares of the company’s stock valued at $299,000 after acquiring an additional 752 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GNTY shares. Stephens restated an “overweight” rating and issued a $36.00 price target on shares of Guaranty Bancshares in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods dropped their target price on shares of Guaranty Bancshares from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Piper Sandler decreased their price target on Guaranty Bancshares from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday.

Insiders Place Their Bets

In other news, Director James S. Bunch acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $29.40 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the director now directly owns 166,000 shares in the company, valued at approximately $4,880,400. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 26.39% of the company’s stock.

Guaranty Bancshares Stock Down 3.3 %

Guaranty Bancshares stock opened at $27.82 on Wednesday. The company has a market capitalization of $320.76 million, a PE ratio of 10.91 and a beta of 0.53. Guaranty Bancshares, Inc. has a 12-month low of $22.12 and a 12-month high of $35.00. The firm’s fifty day moving average is $29.72 and its 200 day moving average is $30.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.63.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Tuesday, January 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $27.65 million. Guaranty Bancshares had a net margin of 16.79% and a return on equity of 9.87%. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, sell-side analysts predict that Guaranty Bancshares, Inc. will post 2.2 EPS for the current fiscal year.

Guaranty Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were paid a dividend of $0.24 per share. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, March 22nd. Guaranty Bancshares’s dividend payout ratio is 37.65%.

Guaranty Bancshares Company 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.