Guaranty Bancshares, Inc. (GNTY) To Go Ex-Dividend on June 24th

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Wednesday, June 12th, Wall Street Journal reports. Shareholders of record on Monday, June 24th will be given a dividend of 0.24 per share on Wednesday, July 10th. This represents a $0.96 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, June 24th.

Guaranty Bancshares has raised its dividend payment by an average of 9.1% per year over the last three years. Guaranty Bancshares has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $2.43 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 39.5%.

Guaranty Bancshares Trading Down 1.4 %

Guaranty Bancshares stock opened at $29.11 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $335.35 million, a price-to-earnings ratio of 13.06 and a beta of 0.58. Guaranty Bancshares has a 1 year low of $26.20 and a 1 year high of $35.00. The firm’s 50 day moving average price is $29.27 and its two-hundred day moving average price is $30.40.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings results on Monday, April 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. Guaranty Bancshares had a net margin of 15.56% and a return on equity of 8.69%. The firm had revenue of $28.85 million for the quarter, compared to analyst estimates of $28.40 million. On average, research analysts predict that Guaranty Bancshares will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on GNTY. Piper Sandler lowered their price objective on shares of Guaranty Bancshares from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on shares of Guaranty Bancshares from $35.00 to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th.

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.