FCG Investment Co Boosts Stock Holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

FCG Investment Co grew its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 23.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,720 shares of the company’s stock after buying an additional 10,663 shares during the period. Guaranty Bancshares accounts for approximately 1.2% of FCG Investment Co’s holdings, making the stock its 24th biggest holding. FCG Investment Co’s holdings in Guaranty Bancshares were worth $1,928,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GNTY. MGB Wealth Management LLC purchased a new stake in Guaranty Bancshares during the third quarter valued at about $631,000. Barclays PLC grew its holdings 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 during the period. Geode Capital Management LLC increased its position in Guaranty Bancshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock worth $6,461,000 after purchasing an additional 2,896 shares in the last quarter. State Street Corp increased its position in Guaranty Bancshares by 3.4% during the 3rd quarter. State Street Corp now owns 171,966 shares of the company’s stock worth $5,953,000 after purchasing an additional 5,680 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in Guaranty Bancshares by 4.4% in the second quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after buying an additional 5,247 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday. Stephens increased their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd.

Guaranty Bancshares Stock Down 0.4 %

Shares of NASDAQ:GNTY opened at $41.15 on Friday. The company has a 50 day moving average of $35.96 and a two-hundred day moving average of $34.32. Guaranty Bancshares, Inc. has a 52-week low of $27.01 and a 52-week high of $42.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $469.91 million, a price-to-earnings ratio of 14.96 and a beta of 0.61.

Guaranty Bancshares (NASDAQ:GNTY) last released 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. The firm had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. Guaranty Bancshares had a net margin of 17.15% and a return on equity of 10.13%. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, analysts forecast that Guaranty Bancshares, Inc. will post 2.49 earnings per share for the current fiscal year.

Guaranty Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 30th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, December 30th. Guaranty Bancshares’s dividend payout ratio (DPR) is 34.91%.

Insider Activity at Guaranty Bancshares

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at $3,436,020. This represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 26.39% of the stock is currently owned by company 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.