Guaranty Bancshares, Inc. (NASDAQ:GNTY) Plans $0.24 Quarterly Dividend

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.24 per share on Wednesday, October 9th. This represents a $0.96 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Monday, September 30th.

Guaranty Bancshares has increased its dividend payment by an average of 9.1% per year over the last three years. Guaranty Bancshares has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Guaranty Bancshares to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 37.9%.

Guaranty Bancshares Stock Performance

Shares of Guaranty Bancshares stock traded down $0.46 during trading on Friday, hitting $35.86. 20,201 shares of the stock were exchanged, compared to its average volume of 18,508. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $33.22 and a 200-day moving average price of $30.86. The stock has a market capitalization of $413.00 million, a price-to-earnings ratio of 14.89 and a beta of 0.57. Guaranty Bancshares has a 1-year low of $26.29 and a 1-year high of $37.28.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, July 15th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. The business had revenue of $28.48 million during the quarter, compared to analysts’ expectations of $28.50 million. As a group, equities analysts predict that Guaranty Bancshares will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GNTY. Stephens raised their price target on Guaranty Bancshares from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th.

Insider Transactions at Guaranty Bancshares

In related news, Director James S. Bunch sold 5,643 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total value of $182,156.04. Following the completion of the sale, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Tyson T. Abston sold 5,610 shares of Guaranty Bancshares stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $34.38, for a total value of $192,871.80. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,509,740. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James S. Bunch sold 5,643 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total value of $182,156.04. Following the sale, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,897 shares of company stock worth $567,018. Company insiders own 26.39% of the company’s stock.

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.