Picton Mahoney Asset Management Invests $30,000 in Guaranty Bancshares, Inc. (NASDAQ:GNTY)

Picton Mahoney Asset Management purchased a new position in shares of Guaranty Bancshares, Inc. (NASDAQ:GNTY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 874 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Guaranty Bancshares during the fourth quarter worth about $532,000. Bank of New York Mellon Corp grew its holdings in shares of Guaranty Bancshares by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 42,103 shares of the company’s stock worth $1,457,000 after purchasing an additional 1,180 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Guaranty Bancshares by 3.8% during the fourth quarter. Rhumbline Advisers now owns 11,630 shares of the company’s stock worth $402,000 after purchasing an additional 428 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings 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 worth $17,688,000 after purchasing an additional 496,440 shares during the last quarter. Finally, FCG Investment Co grew its holdings in shares of Guaranty Bancshares by 23.7% during the fourth 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 during the last quarter. 39.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, January 22nd.

Guaranty Bancshares Stock Performance

Shares of GNTY stock opened at $39.77 on Tuesday. The business’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $36.48. Guaranty Bancshares, Inc. has a one year low of $27.01 and a one year high of $42.95. The stock has a market capitalization of $454.33 million, a PE ratio of 14.46 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.51%. Guaranty Bancshares’s dividend payout ratio is presently 34.91%.

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.