Guaranty Bancshares, Inc. (GNTY) to Issue Quarterly Dividend of $0.24 on October 9th

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, September 30th.

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 38.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Guaranty Bancshares stock opened at $34.69 on Friday. The firm has a market capitalization of $399.52 million, a PE ratio of 14.22 and a beta of 0.57. Guaranty Bancshares has a 52 week low of $26.29 and a 52 week high of $37.28. The firm’s 50-day simple moving average is $33.26 and its 200 day simple moving average is $30.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stephens increased their target price 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 increased their price objective on Guaranty Bancshares from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th.

Insider Activity at Guaranty Bancshares

In other Guaranty Bancshares 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 of the company’s stock, valued at approximately $2,509,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James S. Bunch sold 5,643 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the transaction, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tyson T. Abston sold 5,610 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $34.38, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,897 shares of company stock valued at $567,018. Company insiders own 26.39% of the company’s stock.

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.