38,474 Shares in Guaranty Bancshares, Inc. (NASDAQ:GNTY) Acquired by Zacks Investment Management

Zacks Investment Management acquired a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,474 shares of the company's stock, valued at approximately $1,323,000. Zacks Investment Management owned approximately 0.34% of Guaranty Bancshares as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. MGB Wealth Management LLC acquired a new position in Guaranty Bancshares during the 3rd quarter worth approximately $631,000. Bank of New York Mellon Corp grew its stake in shares of Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company's stock worth $1,460,000 after purchasing an additional 1,294 shares in the last quarter. FCG Investment Co acquired a new stake in shares of Guaranty Bancshares during the 3rd quarter worth about $1,549,000. Deprince Race & Zollo Inc. lifted its holdings in shares of Guaranty Bancshares by 4.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company's stock valued at $3,932,000 after purchasing an additional 5,247 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Guaranty Bancshares by 3.4% in the 3rd 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. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GNTY has been the subject of a number of research reports. Stephens upped their target price on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on Guaranty Bancshares from $35.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

Guaranty Bancshares Stock Performance

NASDAQ GNTY traded down $0.47 during trading hours on Tuesday, hitting $36.64. 45,871 shares of the stock were exchanged, compared to its average volume of 18,349. Guaranty Bancshares, Inc. has a 12-month low of $27.01 and a 12-month high of $38.93. The stock has a 50-day moving average of $35.01 and a 200 day moving average of $32.98. The company has a market cap of $418.43 million, a price-to-earnings ratio of 15.53 and a beta of 0.60. 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 - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating 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 return on equity of 8.86% and a net margin of 15.01%. During the same period last year, the firm earned $0.54 EPS. As a group, equities research analysts forecast that Guaranty Bancshares, Inc. will post 2.46 earnings per share for the current year.

Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, September 30th. Guaranty Bancshares's dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In other news, CEO Tyson T. Abston sold 7,000 shares of the firm'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 completion of the transaction, the chief executive officer now owns 101,000 shares in the company, valued at $3,436,020. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 26.39% of the stock is owned by insiders.

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.