Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Acquired by Citadel Advisors LLC

Citadel Advisors LLC boosted its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 115.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,976 shares of the company's stock after buying an additional 14,442 shares during the period. Citadel Advisors LLC owned approximately 0.24% of Guaranty Bancshares worth $933,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new position in Guaranty Bancshares during the fourth quarter valued at $30,000. SG Americas Securities LLC purchased a new stake in shares of Guaranty Bancshares in the fourth quarter worth about $122,000. Wells Fargo & Company MN lifted its position in shares of Guaranty Bancshares by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock worth $160,000 after buying an additional 967 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Guaranty Bancshares in the fourth quarter worth about $327,000. Finally, Rhumbline Advisers raised its position in Guaranty Bancshares by 3.8% during the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock valued at $402,000 after purchasing an additional 428 shares during the period. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 research note on Tuesday, April 22nd.

Guaranty Bancshares Stock Down 1.6%

Shares of GNTY traded down $0.66 during midday trading on Monday, hitting $40.69. 15,355 shares of the company's stock traded hands, compared to its average volume of 28,868. Guaranty Bancshares, Inc. has a 1 year low of $27.99 and a 1 year high of $43.09. The firm's fifty day moving average is $40.00 and its 200-day moving average is $38.81. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $461.41 million, a price-to-earnings ratio of 14.79 and a beta of 0.41.

Guaranty Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. 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 dividend on an annualized basis and a yield of 2.46%. Guaranty Bancshares's payout ratio 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.