Guaranty Bancshares, Inc. (NASDAQ:GNTY) Sees Large Drop in Short Interest

Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Rating) was the target of a significant decline in short interest in the month of December. As of December 30th, there was short interest totalling 63,800 shares, a decline of 6.5% from the December 15th total of 68,200 shares. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is presently 4.9 days. Currently, 0.7% of the shares of the company are sold short.

Guaranty Bancshares Trading Down 2.2 %

NASDAQ GNTY opened at $33.29 on Wednesday. The company has a market capitalization of $397.48 million, a PE ratio of 9.94 and a beta of 0.42. The company has a fifty day moving average of $34.94 and a 200 day moving average of $35.51. Guaranty Bancshares has a 1 year low of $33.29 and a 1 year high of $38.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.84 and a quick ratio of 0.84.

Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Saturday, December 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.64%. Guaranty Bancshares’s dividend payout ratio is presently 26.27%.

Insider Transactions at Guaranty Bancshares

In related news, Director Richard W. Baker acquired 21,536 shares of the stock in a transaction dated Monday, December 5th. The stock was acquired at an average cost of $34.41 per share, for a total transaction of $741,053.76. Following the completion of the purchase, the director now owns 600,225 shares of the company’s stock, valued at approximately $20,653,742.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Guaranty Bancshares news, Director Richard W. Baker bought 1,897 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The stock was bought at an average cost of $34.50 per share, for a total transaction of $65,446.50. Following the completion of the transaction, the director now directly owns 578,689 shares of the company’s stock, valued at approximately $19,964,770.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard W. Baker bought 21,536 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were acquired at an average price of $34.41 per share, with a total value of $741,053.76. Following the completion of the transaction, the director now directly owns 600,225 shares of the company’s stock, valued at $20,653,742.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 46,784 shares of company stock worth $1,612,650. Company insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNTY. Amalgamated Bank acquired a new position in Guaranty Bancshares during the first quarter valued at $34,000. Allspring Global Investments Holdings LLC increased its holdings in Guaranty Bancshares by 300.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,172 shares of the company’s stock valued at $40,000 after buying an additional 879 shares in the last quarter. SG Americas Securities LLC purchased a new position in Guaranty Bancshares in the second quarter valued at $122,000. BNP Paribas Arbitrage SA increased its holdings in Guaranty Bancshares by 141.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,877 shares of the company’s stock valued at $141,000 after buying an additional 2,269 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Guaranty Bancshares by 57.0% in the first quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock valued at $160,000 after buying an additional 1,657 shares in the last quarter. 24.17% of the stock is currently owned by institutional investors and hedge funds.

About Guaranty Bancshares

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Guaranty Bancshares, Inc is a bank holding company, which engages in the provision of financial products and services. It offers online banking and bill pay, fraud protection, person-to-person payments, direct deposits, personal loans, auto loans, student checking, and premium checking. The company was founded on January 13, 1913 and is headquartered in Addison, TX.