Thomson Horstmann & Bryant Inc. Sells 1,845 Shares of Guaranty Bancshares, Inc. (GNTY)
Thomson Horstmann & Bryant Inc. lowered its position in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,236 shares of the company’s stock after selling 1,845 shares during the quarter. Thomson Horstmann & Bryant Inc. owned approximately 1.47% of Guaranty Bancshares worth $5,297,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GNTY. Russell Investments Group Ltd. acquired a new stake in shares of Guaranty Bancshares in the second quarter worth about $112,000. Icon Wealth Partners LLC acquired a new stake in shares of Guaranty Bancshares in the second quarter worth about $128,000. SG Americas Securities LLC acquired a new stake in shares of Guaranty Bancshares in the third quarter worth about $145,000. Rhumbline Advisers acquired a new stake in shares of Guaranty Bancshares in the second quarter worth about $241,000. Finally, Wells Fargo & Company MN lifted its position in shares of Guaranty Bancshares by 53.9% in the third quarter. Wells Fargo & Company MN now owns 12,555 shares of the company’s stock worth $379,000 after buying an additional 4,399 shares during the last quarter. Hedge funds and other institutional investors own 21.52% of the company’s stock.
In other Guaranty Bancshares news, Director James S. Bunch acquired 1,286 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of $30.89 per share, with a total value of $39,724.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Kirk L. Lee sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $33.10, for a total value of $165,500.00. The disclosure for this sale can be found here. 22.57% of the stock is owned by insiders.
Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). Guaranty Bancshares had a return on equity of 8.71% and a net margin of 17.35%. The company had revenue of $21.78 million during the quarter. As a group, analysts predict that Guaranty Bancshares, Inc. will post 1.86 EPS for the current fiscal year.
GNTY has been the subject of a number of analyst reports. BidaskClub raised Guaranty Bancshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research cut Guaranty Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd. Finally, Stephens reaffirmed a “hold” rating and issued a $32.00 price target on shares of Guaranty Bancshares in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Guaranty Bancshares presently has a consensus rating of “Hold” and a consensus price target of $34.00.
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, commercial real estate, farmland, consumer, one-to-four family residential, multi-family residential, and agricultural loans.
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