Guaranty Bancshares, Inc. (NASDAQ:GNTY) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,822 shares of the company’s stock after selling 16,326 shares during the quarter. Vanguard Group Inc. owned approximately 3.88% of Guaranty Bancshares worth $15,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNTY. Rhumbline Advisers grew its stake in Guaranty Bancshares by 3.8% in 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. Picton Mahoney Asset Management purchased a new stake in shares of Guaranty Bancshares during the fourth quarter worth about $30,000. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 1,180 shares during the last quarter. Geode Capital Management LLC lifted its stake in Guaranty Bancshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock valued at $6,461,000 after buying an additional 2,896 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Guaranty Bancshares in the fourth quarter worth approximately $122,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Guaranty Bancshares Stock Performance

Guaranty Bancshares stock opened at $39.24 on Friday. The stock has a market cap of $445.41 million, a price-to-earnings ratio of 14.27 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $39.76 and a 200-day simple moving average of $37.28. Guaranty Bancshares, Inc. has a 1-year low of $27.01 and a 1-year high of $42.95.

Guaranty Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.24. Guaranty Bancshares’s payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd.

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.