JPMorgan Chase & Co. Increases Stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

JPMorgan Chase & Co. increased its holdings in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) by 82.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,991 shares of the company's stock after acquiring an additional 18,921 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.37% of Guaranty Bancshares worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GNTY. Picton Mahoney Asset Management bought a new position in Guaranty Bancshares during the fourth quarter valued at about $30,000. SG Americas Securities LLC bought a new stake in shares of Guaranty Bancshares in the 4th quarter worth approximately $122,000. Rhumbline Advisers lifted its stake in Guaranty Bancshares by 3.8% in the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company's stock valued at $402,000 after purchasing an additional 428 shares during the last quarter. Raymond James Financial Inc. bought a new position in Guaranty Bancshares during the fourth quarter valued at $532,000. Finally, Barclays PLC increased its position in Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company's stock worth $823,000 after buying an additional 10,299 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors.

Guaranty Bancshares Price Performance

NASDAQ:GNTY traded down $0.22 during trading hours on Thursday, hitting $39.24. The stock had a trading volume of 642 shares, compared to its average volume of 27,812. The firm has a market capitalization of $445.45 million, a price-to-earnings ratio of 14.27 and a beta of 0.49. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $42.95. The company has a 50 day simple moving average of $39.51 and a two-hundred day simple moving average of $37.70. 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. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. This is a boost from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's dividend payout ratio (DPR) is presently 34.25%.

Analyst Ratings Changes

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

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.