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

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Investors of record on Monday, December 30th will be given a dividend of 0.24 per share on Wednesday, January 8th. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, December 30th.

Guaranty Bancshares has raised its dividend by an average of 9.1% annually over the last three years. Guaranty Bancshares has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $2.48 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 38.7%.

Guaranty Bancshares Stock Up 2.6 %

Guaranty Bancshares stock traded up $0.87 on Friday, hitting $34.69. 96,893 shares of the stock traded hands, compared to its average volume of 19,225. The business’s fifty day simple moving average is $35.52 and its 200 day simple moving average is $33.33. The firm has a market cap of $396.30 million, a P/E ratio of 14.51 and a beta of 0.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares has a 1 year low of $27.01 and a 1 year high of $38.93.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The business had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, sell-side analysts forecast that Guaranty Bancshares will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNTY has been the subject of several recent analyst reports. Stephens lifted their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Transactions at Guaranty Bancshares

In related news, CEO Tyson T. Abston sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the transaction, the chief executive officer now owns 101,000 shares of the company’s stock, valued at approximately $3,436,020. This trade represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 26.39% of the company’s stock.

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.