Mendon Capital Advisors Corp Cuts Stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Mendon Capital Advisors Corp reduced its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,628 shares of the company’s stock after selling 1,262 shares during the quarter. Mendon Capital Advisors Corp owned about 0.14% of Guaranty Bancshares worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in Guaranty Bancshares during the 2nd quarter valued at approximately $1,683,000. Martingale Asset Management L P grew its holdings in Guaranty Bancshares by 5.0% during the 1st quarter. Martingale Asset Management L P now owns 31,704 shares of the company’s stock valued at $927,000 after buying an additional 1,500 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Guaranty Bancshares by 28.2% during the 2nd quarter. Acadian Asset Management LLC now owns 32,715 shares of the company’s stock valued at $1,019,000 after buying an additional 7,196 shares in the last quarter. LSV Asset Management purchased a new stake in Guaranty Bancshares during the 2nd quarter valued at approximately $160,000. Finally, Northern Trust Corp grew its holdings in Guaranty Bancshares by 7.9% during the 2nd quarter. Northern Trust Corp now owns 83,264 shares of the company’s stock valued at $2,594,000 after buying an additional 6,084 shares in the last quarter. 21.97% of the stock is owned by institutional investors and hedge funds.

Shares of GNTY stock traded down $0.09 on Friday, reaching $31.73. The company’s stock had a trading volume of 110 shares, compared to its average volume of 14,832. The stock’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $29.70. Guaranty Bancshares, Inc. has a 1 year low of $24.27 and a 1 year high of $33.74. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $353.74 million, a price-to-earnings ratio of 17.25 and a beta of 0.04.



Guaranty Bancshares (NASDAQ:GNTY) last posted its earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Guaranty Bancshares had a net margin of 20.05% and a return on equity of 9.46%. The business had revenue of $23.40 million during the quarter, compared to analysts’ expectations of $23.70 million. Equities research analysts forecast that Guaranty Bancshares, Inc. will post 2.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.27%. Guaranty Bancshares’s dividend payout ratio (DPR) is 36.76%.

A number of equities research analysts have issued reports on GNTY shares. Zacks Investment Research raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. ValuEngine raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Piper Jaffray Companies began coverage on shares of Guaranty Bancshares in a report on Monday, June 10th. They issued a “neutral” rating and a $32.00 target price for the company. Stephens set a $33.00 target price on shares of Guaranty Bancshares and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, BidaskClub raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.50.

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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

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

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