Asset Dedication LLC Takes $1.80 Million Position in Guaranty Bancshares, Inc. (GNTY)

Asset Dedication LLC acquired a new stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,795 shares of the company’s stock, valued at approximately $1,802,000. Asset Dedication LLC owned approximately 0.53% of Guaranty Bancshares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNTY. Thomson Horstmann & Bryant Inc. raised its holdings in shares of Guaranty Bancshares by 16.4% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 182,100 shares of the company’s stock valued at $5,581,000 after buying an additional 25,619 shares during the last quarter. Castine Capital Management LLC raised its holdings in shares of Guaranty Bancshares by 4.7% in the third quarter. Castine Capital Management LLC now owns 98,385 shares of the company’s stock valued at $3,147,000 after buying an additional 4,399 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at about $229,000. Hennessy Advisors Inc. raised its holdings in shares of Guaranty Bancshares by 22.2% in the third quarter. Hennessy Advisors Inc. now owns 55,000 shares of the company’s stock valued at $1,759,000 after buying an additional 10,000 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at about $211,000. Institutional investors own 20.04% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Guaranty Bancshares from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, January 12th. BidaskClub raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.33.

Guaranty Bancshares, Inc. (NASDAQ GNTY) opened at $31.09 on Wednesday. Guaranty Bancshares, Inc. has a 1-year low of $28.00 and a 1-year high of $36.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, October 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $18.80 million for the quarter. Guaranty Bancshares had a return on equity of 9.60% and a net margin of 18.17%. research analysts forecast that Guaranty Bancshares, Inc. will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th were issued a dividend of $0.14 per share. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, December 22nd.

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Guaranty Bancshares Company Profile

Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.

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Institutional Ownership by Quarter for Guaranty Bancshares (NASDAQ:GNTY)

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