164,206 Shares in Guaranty Bancshares, Inc. (NASDAQ:GNTY) Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC bought a new stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 164,206 shares of the company's stock, valued at approximately $5,682,000. Beacon Pointe Advisors LLC owned about 1.44% of Guaranty Bancshares as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company's stock worth $823,000 after acquiring an additional 10,299 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Guaranty Bancshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 187,860 shares of the company's stock worth $6,461,000 after purchasing an additional 2,896 shares during the last quarter. JPMorgan Chase & Co. grew its position in Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company's stock worth $793,000 after purchasing an additional 18,015 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Guaranty Bancshares in the 4th quarter valued at about $122,000. Finally, FCG Investment Co lifted its position in shares of Guaranty Bancshares by 23.7% during the 4th quarter. FCG Investment Co now owns 55,720 shares of the company's stock worth $1,928,000 after buying an additional 10,663 shares in the last quarter. Institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Stock Performance

NASDAQ GNTY traded up $0.38 during trading hours on Monday, reaching $40.15. 12,171 shares of the company were exchanged, compared to its average volume of 27,901. The stock has a market capitalization of $455.73 million, a P/E ratio of 14.59 and a beta of 0.41. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares, Inc. has a 1 year low of $27.01 and a 1 year high of $42.95. The business's 50 day simple moving average is $39.48 and its 200-day simple moving average is $37.81.

Guaranty Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid 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 2.49%. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio (DPR) is presently 34.25%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $42.00 to $43.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd.

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.