Texas Bank & Trust Co Acquires New Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Texas Bank & Trust Co purchased a new position in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on 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 Stock Performance

NASDAQ:GNTY traded down $1.03 during mid-day trading on Wednesday, reaching $41.46. The company's stock had a trading volume of 16,422 shares, compared to its average volume of 28,656. The firm's fifty day moving average price is $39.88 and its two-hundred day moving average price is $38.44. The stock has a market cap of $470.16 million, a P/E ratio of 15.08 and a beta of 0.41. Guaranty Bancshares, Inc. has a 12-month low of $27.01 and a 12-month high of $43.09. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This is an increase from Guaranty Bancshares's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, March 31st. Guaranty Bancshares's 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.