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

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 paid a dividend of 0.24 per share on Wednesday, October 9th. This represents a $0.96 annualized dividend and a dividend 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. Equities 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 Trading Down 1.3 %

Shares of NASDAQ:GNTY traded down $0.46 during midday trading on Friday, hitting $35.86. The company had a trading volume of 20,201 shares, 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. Guaranty Bancshares has a 12 month low of $26.29 and a 12 month high of $37.28. The firm has a fifty day simple moving average of $33.22 and a 200 day simple moving average of $30.86. The stock has a market cap of $413.00 million, a price-to-earnings ratio of 14.89 and a beta of 0.57.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Monday, July 15th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. The firm had revenue of $28.48 million for the quarter, compared to analyst estimates of $28.50 million. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. On average, analysts predict that Guaranty Bancshares will post 2.41 EPS for the current year.

Insider Buying and Selling

In other news, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now owns 69,953 shares in the company, valued at $2,378,402. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Guaranty Bancshares news, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Travis Brown sold 750 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.75, for a total value of $25,312.50. Following the transaction, the executive vice president now directly owns 1,211 shares of the company’s stock, valued at $40,871.25. The disclosure for this sale can be found here. In the last three months, insiders sold 16,897 shares of company stock valued at $567,018. 26.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GNTY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Tuesday, July 16th. Stephens raised their price objective on Guaranty Bancshares from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th.

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.