Strategic Financial Concepts LLC Buys 496,440 Shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Strategic Financial Concepts LLC grew its stake in Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 3,360.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 511,215 shares of the company’s stock after purchasing an additional 496,440 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Guaranty Bancshares were worth $17,688,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. FCG Investment Co raised 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 worth $1,928,000 after purchasing an additional 10,663 shares in the last quarter. SG Americas Securities LLC bought a new position in Guaranty Bancshares in the 4th quarter worth $122,000. JPMorgan Chase & Co. increased its stake in shares of Guaranty Bancshares by 356.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,070 shares of the company’s stock worth $793,000 after acquiring an additional 18,015 shares in the last quarter. Barclays PLC increased its stake in shares of Guaranty Bancshares by 75.4% in the 3rd quarter. Barclays PLC now owns 23,966 shares of the company’s stock worth $823,000 after acquiring an additional 10,299 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Guaranty Bancshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 187,860 shares of the company’s stock worth $6,461,000 after acquiring an additional 2,896 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on GNTY shares. Stephens increased their price target on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd.

Guaranty Bancshares Stock Performance

Shares of GNTY stock opened at $41.41 on Friday. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $42.95. The company’s 50-day moving average is $36.87 and its 200 day moving average is $34.97. The company has a market capitalization of $472.85 million, a price-to-earnings ratio of 15.06 and a beta of 0.62. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 30th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, December 30th. Guaranty Bancshares’s dividend payout ratio (DPR) is 34.91%.

Guaranty Bancshares 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.