Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Free Report) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.24 per share on Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, September 30th.
Guaranty Bancshares has increased its dividend payment by an average of 9.1% annually over the last three years. Guaranty Bancshares has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Guaranty Bancshares to earn $2.53 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 37.9%.
Guaranty Bancshares Stock Up 1.4 %
Shares of NASDAQ GNTY opened at $34.46 on Friday. The business has a 50-day moving average price of $33.34 and a 200 day moving average price of $31.05. The stock has a market cap of $396.88 million, a PE ratio of 14.12 and a beta of 0.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Guaranty Bancshares has a 52-week low of $26.29 and a 52-week high of $37.28.
Insider Buying and Selling
In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $32.28, for a total value of $182,156.04. Following the transaction, the director now directly owns 160,357 shares of the company’s stock, valued at approximately $5,176,323.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James S. Bunch sold 5,643 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total value of $182,156.04. Following the completion of the sale, the director now owns 160,357 shares in the company, valued at $5,176,323.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William Travis Brown sold 750 shares of Guaranty Bancshares stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.75, for a total value of $25,312.50. Following the completion of the sale, the executive vice president now directly owns 1,211 shares in the company, valued at approximately $40,871.25. The disclosure for this sale can be found here. Insiders sold a total of 16,897 shares of company stock valued at $567,018 over the last three months. 26.39% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have issued reports on GNTY shares. Keefe, Bruyette & Woods raised their price objective on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th. Stephens boosted their price target on Guaranty Bancshares from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th.
View Our Latest Stock Analysis on GNTY
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.
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