Guaranty Bancshares (NASDAQ:GNTY) Issues Earnings Results

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

Guaranty Bancshares Stock Performance

Shares of GNTY opened at $33.50 on Tuesday. The stock has a market capitalization of $385.82 million, a P/E ratio of 13.33 and a beta of 0.57. 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 has a 1 year low of $26.87 and a 1 year high of $37.28. The company’s fifty day moving average is $33.70 and its two-hundred day moving average is $31.46.

Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.87%. Guaranty Bancshares’s dividend payout ratio (DPR) is 39.34%.

Analysts Set New Price Targets

Several brokerages have issued reports on GNTY. Stephens raised their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th.

Insider Transactions at Guaranty Bancshares

In other news, CEO Tyson T. Abston sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the chief executive officer now directly owns 69,953 shares in the company, valued at $2,378,402. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now directly owns 69,953 shares in the company, valued at $2,378,402. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Bunch sold 5,643 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total value of $182,156.04. Following the completion of the transaction, the director now owns 160,357 shares of the company’s stock, valued at $5,176,323.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,190 shares of company stock worth $336,300. Company insiders own 26.39% of the company’s stock.

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.