Texas Bank & Trust Co Purchases Shares of 13,000 Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Texas Bank & Trust Co purchased a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,000 shares of the company's stock, valued at approximately $450,000. Texas Bank & Trust Co owned about 0.11% of Guaranty Bancshares as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management bought a new position in shares of Guaranty Bancshares during the fourth quarter worth about $30,000. SG Americas Securities LLC bought a new position in shares of Guaranty Bancshares during the fourth quarter worth about $122,000. Wells Fargo & Company MN grew its position in shares of Guaranty Bancshares by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,628 shares of the company's stock worth $160,000 after acquiring an additional 967 shares during the last quarter. Deutsche Bank AG grew its position in shares of Guaranty Bancshares by 337.6% during the fourth quarter. Deutsche Bank AG now owns 6,686 shares of the company's stock worth $231,000 after acquiring an additional 5,158 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Guaranty Bancshares during the fourth quarter worth about $327,000. Institutional investors own 39.39% of the company's stock.

Analyst Ratings Changes

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

Guaranty Bancshares Price Performance

GNTY traded down $0.34 on Friday, reaching $40.57. The company had a trading volume of 30,569 shares, compared to its average volume of 28,765. The company has a fifty day moving average of $39.91 and a 200-day moving average of $38.57. The company has a market capitalization of $460.15 million, a P/E ratio of 14.75 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $43.09.

Guaranty Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio is currently 34.25%.

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.