Guaranty Bancshares, Inc. (NASDAQ:GNTY) Announces Dividend Increase – $0.18 Per Share

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Thursday, September 26th will be given a dividend of 0.18 per share on Wednesday, October 9th. This represents a $0.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, September 25th. This is an increase from Guaranty Bancshares’s previous quarterly dividend of $0.17.

NASDAQ:GNTY opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $30.26 and a two-hundred day simple moving average of $29.70. Guaranty Bancshares has a 1 year low of $24.27 and a 1 year high of $33.74. The company has a market capitalization of $353.74 million, a P/E ratio of 17.20 and a beta of 0.04.

Guaranty Bancshares (NASDAQ:GNTY) last released its earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Guaranty Bancshares had a return on equity of 9.46% and a net margin of 20.05%. The firm had revenue of $23.40 million during the quarter, compared to analysts’ expectations of $23.70 million. As a group, analysts anticipate that Guaranty Bancshares will post 2.13 earnings per share for the current year.

GNTY has been the subject of a number of recent research reports. ValuEngine raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Stephens set a $33.00 target price on Guaranty Bancshares and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Zacks Investment Research raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. BidaskClub raised Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Piper Jaffray Companies initiated coverage on Guaranty Bancshares in a research report on Monday, June 10th. They issued a “neutral” rating and a $32.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.50.

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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

Featured Story: Cost of Capital Explained

Dividend History for Guaranty Bancshares (NASDAQ:GNTY)

Receive News & Ratings for Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.