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Trade Alert: The Independent Director Of Guaranty Bancshares, Inc. (NASDAQ:GNTY), James Bunch, Has Just Spent US$94k Buying Shares

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Simply Wall St
·3 min read
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Whilst it may not be a huge deal, we thought it was good to see that the Guaranty Bancshares, Inc. (NASDAQ:GNTY) Independent Director, James Bunch, recently bought US$94k worth of stock, for US$31.35 per share. However, we do note that it only increased their holding by 4.0%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Guaranty Bancshares

Guaranty Bancshares Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the President & Director, Kirk Lee, for US$232k worth of shares, at about US$33.00 per share. So what is clear is that an insider saw fit to sell at around the current price of US$31.00. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 12.23k shares worth US$362k. On the other hand they divested 19027 shares, for US$620k. All up, insiders sold more shares in Guaranty Bancshares than they bought, over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:GNTY Recent Insider Trading, February 13th 2020
NasdaqGS:GNTY Recent Insider Trading, February 13th 2020

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Guaranty Bancshares Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 23% of Guaranty Bancshares shares, worth about US$81m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Guaranty Bancshares Tell Us?

The insider sales have outweighed the insider buying, at Guaranty Bancshares, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Guaranty Bancshares is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. Of course, the future is what matters most. So if you are interested in Guaranty Bancshares, you should check out this free report on analyst forecasts for the company.

Of course Guaranty Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.