Wells Fargo & Company MN Has $160,000 Holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Wells Fargo & Company MN raised its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 26.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,628 shares of the company’s stock after acquiring an additional 967 shares during the period. Wells Fargo & Company MN’s holdings in Guaranty Bancshares were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Strategic Financial Concepts LLC increased its position in shares of Guaranty Bancshares by 3,360.0% during 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 period. FCG Investment Co increased its holdings in Guaranty Bancshares by 23.7% in the 4th quarter. FCG Investment Co now owns 55,720 shares of the company’s stock valued at $1,928,000 after buying an additional 10,663 shares during the period. Bank of New York Mellon Corp increased its holdings in Guaranty Bancshares by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company’s stock valued at $1,457,000 after buying an additional 1,180 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Guaranty Bancshares by 82.0% during the 4th quarter. JPMorgan Chase & Co. now owns 41,991 shares of the company’s stock worth $1,453,000 after acquiring an additional 18,921 shares during the period. Finally, Barclays PLC boosted its position in shares of Guaranty Bancshares by 75.4% during the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock valued at $823,000 after acquiring an additional 10,299 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Guaranty Bancshares Stock Down 0.2 %

NASDAQ:GNTY opened at $40.74 on Friday. The stock’s fifty day moving average price is $39.50 and its two-hundred day moving average price is $37.97. The company has a market cap 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. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. 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. Guaranty Bancshares’s payout ratio is currently 34.25%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their target price on 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 Company 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.