Bank of America Corp DE Has $521,000 Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Bank of America Corp DE grew its holdings in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 110.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,066 shares of the company’s stock after purchasing an additional 7,905 shares during the quarter. Bank of America Corp DE’s holdings in Guaranty Bancshares were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNTY. Beacon Pointe Advisors LLC acquired a new position in shares of Guaranty Bancshares in the 4th quarter valued at about $5,682,000. JPMorgan Chase & Co. lifted its stake in shares of Guaranty Bancshares by 82.0% in the 4th quarter. JPMorgan Chase & Co. now owns 41,991 shares of the company’s stock valued at $1,453,000 after purchasing an additional 18,921 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Guaranty Bancshares in the 4th quarter valued at about $532,000. Trexquant Investment LP acquired a new position in shares of Guaranty Bancshares in the 4th quarter valued at about $327,000. Finally, Dimensional Fund Advisors LP raised its stake in Guaranty Bancshares by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 380,222 shares of the company’s stock worth $13,156,000 after buying an additional 8,875 shares during the period. 39.39% of the stock is owned by institutional investors and hedge funds.

Guaranty Bancshares Stock Up 2.5%

GNTY stock opened at $42.23 on Wednesday. The stock’s 50 day simple moving average is $40.13 and its 200 day simple moving average is $38.98. Guaranty Bancshares, Inc. has a fifty-two week low of $27.99 and a fifty-two week high of $43.09. 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 company has a market cap of $478.96 million, a P/E ratio of 15.36 and a beta of 0.44.

Guaranty Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Monday, March 31st. Guaranty Bancshares’s dividend payout ratio is 34.25%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on 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 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.