Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC boosted its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 3,360.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 511,215 shares of the company's stock after acquiring an additional 496,440 shares during the quarter. Strategic Financial Concepts LLC owned about 4.48% of Guaranty Bancshares worth $17,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GNTY. Geode Capital Management LLC lifted its position 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 purchasing an additional 2,896 shares during the period. State Street Corp lifted its holdings in shares of Guaranty Bancshares by 3.4% in the 3rd quarter. State Street Corp now owns 171,966 shares of the company's stock valued at $5,953,000 after buying an additional 5,680 shares during the period. FCG Investment Co boosted its stake in shares of Guaranty Bancshares by 23.7% in the fourth quarter. FCG Investment Co now owns 55,720 shares of the company's stock valued at $1,928,000 after buying an additional 10,663 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Guaranty Bancshares in the third quarter valued at approximately $1,323,000. Finally, Barclays PLC grew its holdings in Guaranty Bancshares by 75.4% during 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 period. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Guaranty Bancshares Price Performance

GNTY stock traded up $0.51 during midday trading on Tuesday, hitting $41.72. 19,544 shares of the stock were exchanged, compared to its average volume of 55,172. 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 stock has a market cap of $476.44 million, a price-to-earnings ratio of 15.17 and a beta of 0.62. Guaranty Bancshares, Inc. has a fifty-two week low of $27.01 and a fifty-two week high of $42.95. The stock's 50-day moving average price is $37.15 and its 200-day moving average price is $35.15.

Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 30th were given a $0.24 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.30%. Guaranty Bancshares's dividend payout ratio is presently 34.91%.

Wall Street Analysts Forecast Growth

GNTY has been the topic of several research analyst reports. Stephens boosted their target price on shares of 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 raised their price objective on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, January 22nd.

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.