Arkadios Wealth Advisors Has $7.65 Million Stock Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Arkadios Wealth Advisors lowered its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 220,975 shares of the company’s stock after selling 9,000 shares during the quarter. Arkadios Wealth Advisors’ holdings in Guaranty Bancshares were worth $7,646,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. MGB Wealth Management LLC acquired a new position in shares of Guaranty Bancshares in the 3rd quarter valued at about $631,000. JPMorgan Chase & Co. grew its holdings in shares of Guaranty Bancshares by 356.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after acquiring an additional 18,015 shares in the last quarter. Barclays PLC increased its stake in shares of Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after acquiring an additional 10,299 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Guaranty Bancshares during the third quarter worth $1,323,000. Finally, Bank of New York Mellon Corp boosted its position in Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,294 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Guaranty Bancshares Stock Up 1.6 %

GNTY opened at $35.29 on Friday. Guaranty Bancshares, Inc. has a twelve month low of $27.01 and a twelve month high of $38.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50 day moving average price of $35.69 and a 200 day moving average price of $34.08. The firm has a market cap of $402.98 million, a P/E ratio of 13.67 and a beta of 0.61.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The business had revenue of $45.59 million during the quarter, compared to analysts’ expectations of $29.40 million. During the same period in the previous year, the company earned $0.54 earnings per share. Research analysts forecast that Guaranty Bancshares, Inc. will post 2.46 EPS for the current year.

Guaranty Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, December 30th. Guaranty Bancshares’s dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

GNTY has been the topic of several research reports. Stephens upped their target price on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on Guaranty Bancshares from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief executive officer now directly owns 101,000 shares in the company, valued at $3,436,020. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.39% of the stock is owned by insiders.

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. 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, agricultural, multi-family residential, and consumer loans.