Squarepoint Ops LLC Buys 6,440 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Squarepoint Ops LLC lifted its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,249 shares of the company's stock after acquiring an additional 6,440 shares during the quarter. Squarepoint Ops LLC owned 0.18% of Guaranty Bancshares worth $701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GNTY. Two Sigma Investments LP increased its holdings in shares of Guaranty Bancshares by 52.2% in the fourth quarter. Two Sigma Investments LP now owns 14,091 shares of the company's stock worth $488,000 after buying an additional 4,834 shares during the period. Two Sigma Advisers LP increased its stake in Guaranty Bancshares by 25.5% in the 4th quarter. Two Sigma Advisers LP now owns 14,270 shares of the company's stock worth $494,000 after purchasing an additional 2,900 shares during the period. Texas Bank & Trust Co bought a new stake in Guaranty Bancshares in the fourth quarter valued at approximately $450,000. Millennium Management LLC boosted its stake in shares of Guaranty Bancshares by 36.9% during the fourth quarter. Millennium Management LLC now owns 20,698 shares of the company's stock valued at $716,000 after purchasing an additional 5,580 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Guaranty Bancshares by 2.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,637 shares of the company's stock valued at $576,000 after purchasing an additional 362 shares during the period. 39.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 22nd.

Guaranty Bancshares Trading Up 1.7%

Shares of Guaranty Bancshares stock traded up $0.71 during trading on Friday, reaching $41.34. 27,873 shares of the stock were exchanged, compared to its average volume of 28,997. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market cap of $468.84 million, a price-to-earnings ratio of 15.03 and a beta of 0.41. Guaranty Bancshares, Inc. has a 1 year low of $27.99 and a 1 year high of $43.09. The stock's fifty day moving average is $40.04 and its 200 day moving average is $38.90.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio is currently 34.25%.

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.