Vanguard Group Inc. Cuts Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Vanguard Group Inc. decreased its holdings in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,822 shares of the company's stock after selling 16,326 shares during the quarter. Vanguard Group Inc. owned about 3.88% of Guaranty Bancshares worth $15,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in Guaranty Bancshares in the fourth quarter valued at $30,000. SG Americas Securities LLC purchased a new stake in Guaranty Bancshares during the fourth quarter valued at about $122,000. Rhumbline Advisers boosted its holdings in shares of Guaranty Bancshares by 3.8% during the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock worth $402,000 after purchasing an additional 428 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Guaranty Bancshares during the fourth quarter worth about $532,000. Finally, JPMorgan Chase & Co. raised its stake in Guaranty Bancshares by 356.4% in the third quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company's stock worth $793,000 after buying an additional 18,015 shares in the last quarter. Institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Stock Performance

Shares of NASDAQ GNTY traded up $1.15 during trading on Wednesday, hitting $41.75. The company had a trading volume of 1,461 shares, compared to its average volume of 27,580. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Guaranty Bancshares, Inc. has a 12 month low of $27.01 and a 12 month high of $42.95. The stock has a 50 day simple moving average of $39.67 and a 200 day simple moving average of $37.45. The firm has a market capitalization of $473.95 million, a P/E ratio of 15.18 and a beta of 0.49.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. This is a boost from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio (DPR) is currently 34.25%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price on Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Tuesday.

Guaranty Bancshares 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. 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.