FCG Investment Co Makes New Investment in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

FCG Investment Co bought a new stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 45,057 shares of the company's stock, valued at approximately $1,549,000. FCG Investment Co owned about 0.39% of Guaranty Bancshares at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Guaranty Bancshares by 97.2% during the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company's stock valued at $124,000 after purchasing an additional 2,017 shares during the period. Empowered Funds LLC raised its stake in shares of Guaranty Bancshares by 7.9% in the first quarter. Empowered Funds LLC now owns 21,633 shares of the company's stock valued at $657,000 after purchasing an additional 1,575 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of 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 purchasing an additional 12,111 shares during the period. Vanguard Group Inc. raised its stake in shares of Guaranty Bancshares by 2.9% in the first quarter. Vanguard Group Inc. now owns 428,302 shares of the company's stock valued at $13,003,000 after acquiring an additional 12,121 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Guaranty Bancshares by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company's stock worth $1,460,000 after acquiring an additional 1,294 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors.

Insider Activity

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 2,500 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief executive officer now owns 69,953 shares in the company, valued at $2,378,402. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now owns 69,953 shares of the company's stock, valued at approximately $2,378,402. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Travis Brown sold 750 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.75, for a total transaction of $25,312.50. Following the sale, the executive vice president now directly owns 1,211 shares of the company's stock, valued at approximately $40,871.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,190 shares of company stock valued at $336,300. 26.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GNTY has been the topic of a number of research reports. Stephens lifted their price target 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. Keefe, Bruyette & Woods upped their price objective on Guaranty Bancshares from $34.00 to $35.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 16th.

Guaranty Bancshares Trading Up 2.2 %

GNTY traded up $0.71 on Monday, hitting $33.56. 11,702 shares of the company were exchanged, compared to its average volume of 17,752. The stock has a market capitalization of $386.51 million, a PE ratio of 13.75 and a beta of 0.57. Guaranty Bancshares, Inc. has a 12 month low of $27.01 and a 12 month high of $37.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a fifty day simple moving average of $33.89 and a two-hundred day simple moving average of $31.62.

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.95% and a net margin of 15.01%. The firm had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. During the same quarter in the previous year, the firm earned $0.54 EPS. Sell-side analysts expect that Guaranty Bancshares, Inc. will post 2.4 earnings per share for the current year.

Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.86%. Guaranty Bancshares's dividend payout ratio is presently 39.34%.

Guaranty Bancshares 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.