Raymond James Financial Inc. Takes $532,000 Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNTY. Rhumbline Advisers increased its holdings in shares of 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 period. Picton Mahoney Asset Management acquired a new position in Guaranty Bancshares in the 4th quarter valued at $30,000. 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 valued at $160,000 after buying an additional 967 shares during the period. Bank of New York Mellon Corp raised its position in Guaranty Bancshares by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company's stock worth $1,457,000 after buying an additional 1,180 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Guaranty Bancshares in the 4th quarter worth $122,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

Guaranty Bancshares Price Performance

Shares of GNTY stock remained flat at $41.82 during trading hours on Wednesday. The stock had a trading volume of 2,363 shares, compared to its average volume of 36,920. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The business's 50-day simple moving average is $39.56 and its 200 day simple moving average is $38.11. The firm has a market cap of $474.28 million, a P/E ratio of 15.21 and a beta of 0.41. Guaranty Bancshares, Inc. has a fifty-two week low of $27.01 and a fifty-two week high of $42.95.

Guaranty Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This is a boost from Guaranty Bancshares's previous quarterly dividend of $0.24. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.39%. Guaranty Bancshares's dividend payout ratio is presently 34.25%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Guaranty Bancshares from $42.00 to $43.00 and gave the stock a "market perform" rating in a research note 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.