Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Rating) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 68,200 shares, an increase of 30.4% from the November 30th total of 52,300 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 4.9 days.
Insider Transactions at Guaranty Bancshares
In other Guaranty Bancshares news, Director Richard W. Baker purchased 21,536 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average cost of $34.41 per share, with a total value of $741,053.76. Following the purchase, the director now owns 600,225 shares of the company’s stock, valued at $20,653,742.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guaranty Bancshares news, Director Richard W. Baker purchased 21,536 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average cost of $34.41 per share, with a total value of $741,053.76. Following the purchase, the director now owns 600,225 shares of the company’s stock, valued at $20,653,742.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Baker purchased 6,745 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were acquired at an average cost of $34.46 per share, with a total value of $232,432.70. Following the completion of the purchase, the director now directly owns 623,892 shares in the company, valued at approximately $21,499,318.32. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 37,442 shares of company stock worth $1,290,403. 26.59% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Guaranty Bancshares
Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank bought a new position in shares of Guaranty Bancshares in the 1st quarter worth $34,000. Allspring Global Investments Holdings LLC raised its position in shares of Guaranty Bancshares by 300.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,172 shares of the company’s stock worth $40,000 after acquiring an additional 879 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Guaranty Bancshares in the 2nd quarter worth $122,000. BNP Paribas Arbitrage SA raised its position in shares of Guaranty Bancshares by 141.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,877 shares of the company’s stock worth $141,000 after acquiring an additional 2,269 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Guaranty Bancshares by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock worth $160,000 after acquiring an additional 1,657 shares in the last quarter. 24.17% of the stock is owned by institutional investors.
Guaranty Bancshares Trading Down 0.6 %
Shares of GNTY stock traded down $0.21 on Monday, reaching $34.64. 230 shares of the company’s stock were exchanged, compared to its average volume of 16,408. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $35.36 and its 200 day simple moving average is $35.66. The stock has a market capitalization of $413.60 million, a PE ratio of 10.10 and a beta of 0.42. Guaranty Bancshares has a 52 week low of $33.78 and a 52 week high of $44.60.
Guaranty Bancshares (NASDAQ:GNTY – Get Rating) last issued its earnings results on Monday, October 17th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.24. The business had revenue of $34.10 million during the quarter, compared to analyst estimates of $33.60 million. Guaranty Bancshares had a return on equity of 16.37% and a net margin of 30.26%. During the same period in the previous year, the company posted $0.80 EPS. As a group, analysts forecast that Guaranty Bancshares will post 3.46 EPS for the current year.
Guaranty Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, December 29th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 25.66%.
Guaranty Bancshares Company 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 and agricultural, multi-family residential, and consumer loans.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider Guaranty Bancshares, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Guaranty Bancshares wasn’t on the list.
While Guaranty Bancshares currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here