Raymond James Financial Inc. Takes Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Raymond James Financial Inc. acquired a new stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,384 shares of the company's stock, valued at approximately $532,000. Raymond James Financial Inc. owned about 0.13% of Guaranty Bancshares at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Guaranty Bancshares by 75.4% in the third quarter. Barclays PLC now owns 23,966 shares of the company's stock valued at $823,000 after buying an additional 10,299 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company's stock valued at $793,000 after acquiring an additional 18,015 shares during the period. SG Americas Securities LLC acquired a new stake in Guaranty Bancshares during the 4th quarter valued at $122,000. FCG Investment Co boosted its position in Guaranty Bancshares by 23.7% during the fourth quarter. FCG Investment Co now owns 55,720 shares of the company's stock worth $1,928,000 after purchasing an additional 10,663 shares during the period. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Guaranty Bancshares by 3,360.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 511,215 shares of the company's stock valued at $17,688,000 after purchasing an additional 496,440 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

Guaranty Bancshares Stock Performance

Shares of NASDAQ GNTY traded down $0.10 during trading hours on Friday, reaching $40.74. 50,190 shares of the stock were exchanged, compared to its average volume of 28,220. The stock's fifty day simple moving average is $39.50 and its 200 day simple moving average is $38.03. The firm has a market capitalization of $462.48 million, a price-to-earnings ratio of 14.81 and a beta of 0.41. Guaranty Bancshares, Inc. has a 52 week low of $27.01 and a 52 week high of $42.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, March 31st. This is a boost from Guaranty Bancshares's previous quarterly dividend of $0.24. Guaranty Bancshares's payout ratio is presently 34.25%.

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 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.