Guaranty Bancshares, Inc. (NASDAQ:GNTY) Stake Cut by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its holdings in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,975 shares of the company’s stock after selling 9,000 shares during the period. Arkadios Wealth Advisors owned about 1.93% of Guaranty Bancshares worth $7,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GNTY. MGB Wealth Management LLC bought a new stake in shares of Guaranty Bancshares during the 3rd quarter valued at about $631,000. JPMorgan Chase & Co. boosted its stake in Guaranty Bancshares by 356.4% in the third quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after acquiring an additional 18,015 shares during the period. Barclays PLC grew its holdings in shares of Guaranty Bancshares by 75.4% during the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after purchasing an additional 10,299 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Guaranty Bancshares during the 3rd quarter worth approximately $1,323,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $1,460,000 after purchasing an additional 1,294 shares during the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

Guaranty Bancshares Price Performance

Shares of GNTY opened at $35.29 on Friday. The firm has a market capitalization of $402.98 million, a price-to-earnings ratio of 13.67 and a beta of 0.61. The stock’s fifty day moving average is $35.69 and its 200-day moving average is $34.08. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $38.93. 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 (NASDAQ:GNTY) last released its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. During the same period in the previous year, the firm earned $0.54 EPS. Equities analysts anticipate that Guaranty Bancshares, Inc. will post 2.46 EPS for the current year.

Guaranty Bancshares Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.72%. Guaranty Bancshares’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analysts Forecast Growth

GNTY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. 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 report on Tuesday, October 22nd.

Insider Buying and Selling

In related news, CEO Tyson T. Abston sold 7,000 shares of the firm’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 transaction of $238,140.00. Following the completion of the sale, the chief executive officer now directly owns 101,000 shares in the company, valued at approximately $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 at the SEC website. 26.39% of the stock is owned by corporate insiders.

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.