Dimensional Fund Advisors LP Has $13.16 Million Stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Dimensional Fund Advisors LP increased its position in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 380,222 shares of the company's stock after buying an additional 8,875 shares during the period. Dimensional Fund Advisors LP owned 3.33% of Guaranty Bancshares worth $13,156,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC increased its holdings in shares of Guaranty Bancshares by 3,360.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 511,215 shares of the company's stock valued at $17,688,000 after acquiring an additional 496,440 shares during the last quarter. FCG Investment Co grew its holdings in Guaranty Bancshares by 23.7% during the fourth quarter. FCG Investment Co now owns 55,720 shares of the company's stock valued at $1,928,000 after purchasing an additional 10,663 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Guaranty Bancshares by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock valued at $1,457,000 after purchasing an additional 1,180 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Guaranty Bancshares by 82.0% in the fourth quarter. JPMorgan Chase & Co. now owns 41,991 shares of the company's stock worth $1,453,000 after buying an additional 18,921 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Guaranty Bancshares by 17.1% during the 4th quarter. Barclays PLC now owns 28,070 shares of the company's stock worth $971,000 after buying an additional 4,104 shares during the period. Institutional investors and hedge funds own 39.39% of the company's stock.

Wall Street Analyst Weigh In

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 report on Tuesday, April 22nd.

Guaranty Bancshares Stock Performance

Shares of NASDAQ GNTY traded up $0.58 during trading hours on Thursday, hitting $42.34. 8,265 shares of the company's stock were exchanged, compared to its average volume of 28,351. The company's 50-day moving average price is $39.60 and its 200-day moving average price is $38.14. Guaranty Bancshares, Inc. has a 1-year low of $27.01 and a 1-year high of $42.95. The stock has a market capitalization of $480.12 million, a price-to-earnings ratio of 15.33 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.

Guaranty Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This is a positive change 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 2.36%. Guaranty Bancshares's payout ratio is 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.