Bridgeway Capital Management LLC Sells 8,163 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Bridgeway Capital Management LLC trimmed its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 48.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,574 shares of the company's stock after selling 8,163 shares during the period. Bridgeway Capital Management LLC owned approximately 0.08% of Guaranty Bancshares worth $297,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new stake in shares of Guaranty Bancshares during the fourth quarter valued at about $30,000. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancshares during the 4th quarter valued at about $122,000. Wells Fargo & Company MN increased its stake 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 acquiring an additional 967 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Guaranty Bancshares during the 4th quarter valued at approximately $327,000. Finally, Rhumbline Advisers boosted its holdings in Guaranty Bancshares by 3.8% during the 4th quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock valued at $402,000 after acquiring an additional 428 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price objective on Guaranty Bancshares from $42.00 to $43.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd.

Guaranty Bancshares Price Performance

Shares of GNTY traded up $0.17 on Friday, reaching $42.32. The stock had a trading volume of 32,029 shares, compared to its average volume of 28,546. 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 50-day moving average of $39.73 and a 200 day moving average of $38.33. The firm has a market capitalization of $479.89 million, a PE ratio of 15.39 and a beta of 0.41. Guaranty Bancshares, Inc. has a twelve month low of $27.01 and a twelve month high of $42.95.

Guaranty Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.36%. This is an increase from Guaranty Bancshares's previous quarterly dividend of $0.24. The ex-dividend date was Monday, March 31st. Guaranty Bancshares's dividend payout ratio (DPR) is 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.