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

Raymond James Financial Inc. acquired a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) during the 4th quarter, HoldingsChannel reports. The firm acquired 15,384 shares of the company’s stock, valued at approximately $532,000.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Guaranty Bancshares during the fourth quarter worth about $122,000. Rhumbline Advisers grew its position in Guaranty Bancshares by 3.8% in the 4th quarter. Rhumbline Advisers now owns 11,630 shares of the company’s stock worth $402,000 after purchasing an additional 428 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Guaranty Bancshares by 356.4% in the third quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock valued at $793,000 after purchasing an additional 18,015 shares during the period. Barclays PLC raised its holdings in shares of Guaranty Bancshares by 75.4% during 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. Finally, Zacks Investment Management acquired a new position in shares of Guaranty Bancshares during the third quarter worth approximately $1,323,000. Institutional investors own 39.39% of the company’s stock.

Guaranty Bancshares Stock Up 0.2 %

Guaranty Bancshares stock opened at $37.50 on Tuesday. The firm’s 50 day moving average price is $40.42 and its two-hundred day moving average price is $37.06. The firm has a market cap of $425.70 million, a PE ratio of 13.64 and a beta of 0.49. Guaranty Bancshares, Inc. has a twelve month low of $27.01 and a twelve month 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Guaranty Bancshares’s dividend payout ratio is currently 36.36%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report 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.