Bank of New York Mellon Corp Raises Stock Position in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Bank of New York Mellon Corp boosted its position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,103 shares of the company’s stock after acquiring an additional 1,180 shares during the period. Bank of New York Mellon Corp’s holdings in Guaranty Bancshares were worth $1,457,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Guaranty Bancshares during the fourth quarter valued at approximately $122,000. Rhumbline Advisers lifted its position in Guaranty Bancshares by 3.8% during the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company’s stock valued at $402,000 after purchasing an additional 428 shares during the last quarter. MGB Wealth Management LLC bought a new stake in Guaranty Bancshares during the third quarter valued at approximately $631,000. JPMorgan Chase & Co. lifted its position in Guaranty Bancshares by 356.4% during 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 last quarter. Finally, Barclays PLC lifted its position in 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 purchasing an additional 10,299 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Guaranty Bancshares Stock Down 1.3 %

NASDAQ:GNTY opened at $39.66 on Monday. The firm’s 50-day moving average price is $39.93 and its 200-day moving average price is $36.64. The company has a market capitalization of $451.99 million, a PE ratio of 14.42 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. Guaranty Bancshares, Inc. has a 1-year low of $27.01 and a 1-year high of $42.95.

Guaranty Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.52%. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.24. Guaranty Bancshares’s dividend payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

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