Guaranty Bancshares, Inc. (NASDAQ:GNTY) CEO Sells $18,871.50 in Stock

Guaranty Bancshares, Inc. (NASDAQ:GNTY) CEO Tyson T. Abston sold 547 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.50, for a total transaction of $18,871.50. Following the transaction, the chief executive officer now directly owns 72,453 shares in the company, valued at approximately $2,499,628.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Guaranty Bancshares Stock Performance

Shares of GNTY opened at $34.79 on Friday. The company has a market capitalization of $400.68 million, a PE ratio of 14.26 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.86 and a quick ratio of 0.86. Guaranty Bancshares, Inc. has a one year low of $26.29 and a one year high of $35.75. The company’s fifty day moving average price is $32.11 and its 200 day moving average price is $30.42.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Monday, July 15th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.55 by $0.10. Guaranty Bancshares had a return on equity of 8.70% and a net margin of 14.48%. The company had revenue of $28.48 million for the quarter, compared to the consensus estimate of $28.50 million. As a group, analysts expect that Guaranty Bancshares, Inc. will post 2.34 earnings per share for the current year.

Guaranty Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Monday, June 24th were issued a $0.24 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.96 annualized dividend and a yield of 2.76%. Guaranty Bancshares’s dividend payout ratio (DPR) is 39.34%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens raised their target price on Guaranty Bancshares from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price objective on Guaranty Bancshares from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th.

Institutional Trading of Guaranty Bancshares

A number of hedge funds have recently modified their holdings of GNTY. Bank of New York Mellon Corp increased its position in shares of Guaranty Bancshares by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,294 shares during the period. Empowered Funds LLC boosted its stake in Guaranty Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock worth $657,000 after buying an additional 1,575 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Guaranty Bancshares by 97.2% in the 1st quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock valued at $124,000 after buying an additional 2,017 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Guaranty Bancshares by 4.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 124,674 shares of the company’s stock valued at $3,932,000 after buying an additional 5,247 shares in the last quarter. Finally, Leo Wealth LLC bought a new position in shares of Guaranty Bancshares during the 4th quarter worth about $318,000. Institutional investors own 39.39% 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.