Russell Investments Group Ltd. Sells 11,236 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Russell Investments Group Ltd. trimmed its holdings in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,845 shares of the company's stock after selling 11,236 shares during the period. Russell Investments Group Ltd. owned about 0.64% of Guaranty Bancshares worth $2,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC increased its position in shares of Guaranty Bancshares by 3,360.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 511,215 shares of the company's stock worth $17,688,000 after purchasing an additional 496,440 shares during the last quarter. Geode Capital Management LLC boosted its stake in Guaranty Bancshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 187,860 shares of the company's stock valued at $6,461,000 after acquiring an additional 2,896 shares during the period. State Street Corp grew its holdings in shares of Guaranty Bancshares by 3.4% during the third quarter. State Street Corp now owns 171,966 shares of the company's stock valued at $5,953,000 after purchasing an additional 5,680 shares during the last quarter. FCG Investment Co lifted its holdings in shares of Guaranty Bancshares by 23.7% in the 4th quarter. FCG Investment Co now owns 55,720 shares of the company's stock worth $1,928,000 after purchasing an additional 10,663 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Guaranty Bancshares by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock valued at $1,457,000 after buying an additional 1,180 shares during the last quarter. 39.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Guaranty Bancshares Stock Performance

Shares of GNTY traded up $1.15 on Wednesday, reaching $41.75. 1,594 shares of the stock traded hands, compared to its average volume of 27,581. Guaranty Bancshares, Inc. has a 12 month low of $27.01 and a 12 month high of $42.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The stock's 50-day moving average price is $39.67 and its 200-day moving average price is $37.45. The firm has a market cap of $473.95 million, a price-to-earnings ratio of 15.18 and a beta of 0.49.

Guaranty Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.24. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. Guaranty Bancshares's dividend payout ratio (DPR) is presently 34.25%.

Guaranty Bancshares Company 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.