JPMorgan Chase & Co. boosted its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 356.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,070 shares of the company's stock after buying an additional 18,015 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Guaranty Bancshares worth $793,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. MGB Wealth Management LLC bought a new stake in shares of Guaranty Bancshares in the third quarter valued at about $631,000. Barclays PLC grew its position in shares of Guaranty Bancshares by 75.4% during the 3rd quarter. Barclays PLC now owns 23,966 shares of the company's stock worth $823,000 after purchasing an additional 10,299 shares in the last quarter. Zacks Investment Management bought a new position in shares of Guaranty Bancshares during the third quarter worth approximately $1,323,000. FCG Investment Co acquired a new stake in shares of Guaranty Bancshares in the third quarter valued at approximately $1,549,000. Finally, State Street Corp grew its position in Guaranty Bancshares by 3.4% during the third quarter. State Street Corp now owns 171,966 shares of the company's stock worth $5,953,000 after buying an additional 5,680 shares in the last quarter. 39.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
GNTY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Wednesday, January 22nd. Stephens increased their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd.
Check Out Our Latest Research Report on GNTY
Insider Transactions at Guaranty Bancshares
In other news, CEO Tyson T. Abston sold 7,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief executive officer now directly owns 101,000 shares in the company, valued at approximately $3,436,020. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.39% of the company's stock.
Guaranty Bancshares Price Performance
Shares of Guaranty Bancshares stock traded up $0.58 during trading on Monday, reaching $41.84. 66,196 shares of the company's stock were exchanged, compared to its average volume of 68,468. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Guaranty Bancshares, Inc. has a 1-year low of $27.01 and a 1-year high of $42.69. The company has a market cap of $477.86 million, a P/E ratio of 15.22 and a beta of 0.61. The firm's 50-day moving average price is $36.17 and its 200 day moving average price is $34.52.
Guaranty Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.29%. Guaranty Bancshares's dividend payout ratio (DPR) is currently 34.91%.
Guaranty Bancshares Company Profile
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Free Report)
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.
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![Institutional Ownership by Quarter for Guaranty Bancshares (NASDAQ:GNTY)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=GNTY)
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