Guaranty Bancshares, Inc. (GNTY) To Go Ex-Dividend on March 31st

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Wednesday, April 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Monday, March 31st. This is a 4.2% increase from Guaranty Bancshares’s previous quarterly dividend of $0.24.

Guaranty Bancshares has increased its dividend payment by an average of 6.3% per year over the last three years. Guaranty Bancshares has a payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Guaranty Bancshares to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.8%.

Guaranty Bancshares Stock Down 1.4 %

GNTY opened at $40.22 on Friday. The company has a fifty day moving average of $40.53 and a two-hundred day moving average of $36.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Guaranty Bancshares has a fifty-two week low of $27.01 and a fifty-two week high of $42.95. The stock has a market capitalization of $458.37 million, a price-to-earnings ratio of 14.62 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, January 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.