Guaranty Bancshares (NASDAQ:GNTY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Guaranty Bancshares (NASDAQ:GNTY) released its quarterly earnings data on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03, Yahoo Finance reports. Guaranty Bancshares had a net margin of 14.48% and a return on equity of 8.66%. The company had revenue of $45.59 million for the quarter, compared to analysts’ expectations of $29.40 million. During the same quarter in the prior year, the firm earned $0.54 EPS.

Guaranty Bancshares Stock Performance

Shares of GNTY opened at $33.68 on Wednesday. The firm has a market capitalization of $387.89 million, a P/E ratio of 13.80 and a beta of 0.57. Guaranty Bancshares has a 52 week low of $26.87 and a 52 week high of $37.28. The stock has a 50 day moving average price of $33.76 and a two-hundred day moving average price of $31.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85.

Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.85%. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 39.34%.

Insider Activity

In related news, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief executive officer now owns 69,953 shares in the company, valued at approximately $2,378,402. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of Guaranty Bancshares stock in a transaction that occurred on 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 owns 160,357 shares of the company’s stock, valued at $5,176,323.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now directly owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,190 shares of company stock worth $336,300 over the last 90 days. 26.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GNTY has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th. Stephens increased their target price on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday.

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.