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

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Stockholders 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 increased its dividend 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 research 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 Price Performance

Shares of GNTY opened at $34.69 on Friday. The stock has a market cap of $396.30 million, a P/E ratio of 14.51 and a beta of 0.60. The business’s fifty day moving average is $35.52 and its 200 day moving average is $33.33. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. Guaranty Bancshares has a 12-month low of $27.01 and a 12-month high of $38.93.

Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. During the same period last year, the firm earned $0.54 earnings per share. Sell-side analysts anticipate that Guaranty Bancshares will post 2.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tyson T. Abston sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the sale, the chief executive officer now directly owns 101,000 shares of the company’s stock, valued at $3,436,020. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GNTY. Keefe, Bruyette & Woods boosted their price objective on Guaranty Bancshares from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens increased their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd.

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.