First Trust Advisors LP Lowers Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

First Trust Advisors LP cut its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,722 shares of the company’s stock after selling 1,658 shares during the quarter. First Trust Advisors LP’s holdings in Guaranty Bancshares were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Guaranty Bancshares during the second quarter valued at approximately $1,683,000. JPMorgan Chase & Co. boosted its position in shares of Guaranty Bancshares by 20.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,261 shares of the company’s stock worth $70,000 after purchasing an additional 384 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Guaranty Bancshares by 28.2% in the 2nd quarter. Acadian Asset Management LLC now owns 32,715 shares of the company’s stock worth $1,019,000 after buying an additional 7,196 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Guaranty Bancshares in the 2nd quarter worth approximately $160,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Guaranty Bancshares by 9.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,999 shares of the company’s stock worth $218,000 after buying an additional 580 shares during the last quarter. Institutional investors own 22.03% of the company’s stock.

Shares of Guaranty Bancshares stock opened at $32.85 on Friday. The company has a 50-day simple moving average of $32.16 and a two-hundred day simple moving average of $30.80. The stock has a market capitalization of $378.83 million, a PE ratio of 17.76 and a beta of 0.06. Guaranty Bancshares, Inc. has a 52-week low of $24.27 and a 52-week high of $33.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.90.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.00 million. Guaranty Bancshares had a net margin of 21.56% and a return on equity of 10.16%. As a group, equities research analysts forecast that Guaranty Bancshares, Inc. will post 2.22 EPS for the current fiscal year.

A number of research analysts have issued reports on GNTY shares. Zacks Investment Research cut Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. TheStreet downgraded Guaranty Bancshares from a “b-” rating to a “c” rating in a report on Monday, October 28th. Stephens reissued a “buy” rating and issued a $35.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, October 22nd. BidaskClub downgraded Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods started coverage on Guaranty Bancshares in a research report on Thursday, October 10th. They issued a “market perform” rating and a $33.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Guaranty Bancshares has a consensus rating of “Hold” and a consensus target price of $34.00.

In other Guaranty Bancshares news, President Kirk L. Lee sold 7,027 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $32.92, for a total value of $231,328.84. Also, EVP Martin C. Bell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $32.23, for a total value of $64,460.00. Over the last 90 days, insiders sold 11,027 shares of company stock valued at $359,249. 22.60% of the stock is owned by company insiders.

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. 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.

Further Reading: When can a hold rating present a buying opportunity?

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

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