Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Free Report) 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.
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.
Read Our Latest Analysis on Guaranty Bancshares
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.
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