Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 110.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,066 shares of the company's stock after purchasing an additional 7,905 shares during the period. Bank of America Corp DE owned about 0.13% of Guaranty Bancshares worth $521,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GNTY. Dimensional Fund Advisors LP lifted its position in shares of Guaranty Bancshares by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company's stock valued at $13,156,000 after buying an additional 8,875 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Guaranty Bancshares in the 4th quarter worth $5,682,000. Northern Trust Corp increased its stake in shares of Guaranty Bancshares by 5.1% in the 4th quarter. Northern Trust Corp now owns 73,503 shares of the company's stock worth $2,543,000 after acquiring an additional 3,553 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Guaranty Bancshares by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock worth $1,457,000 after acquiring an additional 1,180 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Guaranty Bancshares by 82.0% in the 4th quarter. JPMorgan Chase & Co. now owns 41,991 shares of the company's stock worth $1,453,000 after acquiring an additional 18,921 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Guaranty Bancshares Trading Down 2.6%

Shares of NASDAQ:GNTY traded down $1.06 during midday trading on Friday, reaching $40.48. 46,992 shares of the company's stock were exchanged, compared to its average volume of 29,501. The firm's 50 day simple moving average is $40.36 and its two-hundred day simple moving average is $39.05. 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 has a market cap of $459.08 million, a price-to-earnings ratio of 14.72 and a beta of 0.44. Guaranty Bancshares, Inc. has a fifty-two week low of $27.99 and a fifty-two week high of $43.09.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised 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, April 22nd.

About Guaranty Bancshares

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.