Russell Investments Group Ltd. Has $2.52 Million Stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Russell Investments Group Ltd. lowered its stake in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 13.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 72,845 shares of the company’s stock after selling 11,236 shares during the quarter. Russell Investments Group Ltd.’s holdings in Guaranty Bancshares were worth $2,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new position in shares of Guaranty Bancshares in the fourth quarter worth $30,000. SG Americas Securities LLC bought a new position in Guaranty Bancshares in the 4th quarter valued at about $122,000. Wells Fargo & Company MN raised its position in shares of 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 in the last quarter. Trexquant Investment LP bought a new stake in shares of Guaranty Bancshares during the 4th quarter worth approximately $327,000. Finally, Rhumbline Advisers boosted its position in shares of Guaranty Bancshares by 3.8% during the 4th quarter. Rhumbline Advisers now owns 11,630 shares of the company’s stock worth $402,000 after acquiring an additional 428 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted 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 report on Wednesday, January 22nd.

Guaranty Bancshares Stock Performance

NASDAQ:GNTY opened at $39.24 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $445.41 million, a PE ratio of 14.27 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 stock’s 50-day simple moving average is $39.76 and its 200 day simple moving average is $37.28.

Guaranty Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. Guaranty Bancshares’s payout ratio is 36.36%.

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.