Rhumbline Advisers Reduces Stock Holdings in Guaranty Bancshares, Inc. $GNTY

Rhumbline Advisers reduced its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 4.6% during the 1st quarter, Holdings Channel reports. The fund owned 11,093 shares of the company’s stock after selling 537 shares during the period. Rhumbline Advisers’ holdings in Guaranty Bancshares were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Guaranty Bancshares by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 42,356 shares of the company’s stock worth $1,696,000 after buying an additional 253 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Guaranty Bancshares by 115.2% during the fourth quarter. Citadel Advisors LLC now owns 26,976 shares of the company’s stock worth $933,000 after buying an additional 14,442 shares in the last quarter. Informed Momentum Co LLC purchased a new stake in Guaranty Bancshares during the first quarter worth $427,000. Vanguard Group Inc. boosted its holdings in Guaranty Bancshares by 2.2% during the first quarter. Vanguard Group Inc. now owns 452,695 shares of the company’s stock worth $18,121,000 after buying an additional 9,873 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Guaranty Bancshares by 110.4% during the fourth quarter. Bank of America Corp DE now owns 15,066 shares of the company’s stock worth $521,000 after buying an additional 7,905 shares in the last quarter. 39.39% of the stock is owned by hedge funds and other institutional investors.

Guaranty Bancshares Price Performance

Shares of NASDAQ GNTY opened at $49.41 on Wednesday. The firm has a 50-day simple moving average of $46.90 and a 200-day simple moving average of $43.03. The stock has a market capitalization of $561.11 million, a price-to-earnings ratio of 17.97 and a beta of 0.47. 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, Inc. has a 52 week low of $32.04 and a 52 week high of $52.34.

Guaranty Bancshares Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 19th were given a dividend of $2.30 per share. The ex-dividend date was Friday, September 19th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 31.85%.

Analysts Set New Price Targets

Separately, Stephens reissued an “overweight” rating and set a $47.00 price target on shares of Guaranty Bancshares in a report on Monday, June 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Transactions at Guaranty Bancshares

In related news, EVP William Travis Brown sold 706 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction of $34,297.48. Following the completion of the sale, the executive vice president directly owned 615 shares in the company, valued at approximately $29,876.70. This trade represents a 53.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.31% of the company’s stock.

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.