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

Guaranty Bancshares (NASDAQ:GNTY) issued its quarterly earnings results 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 return on equity of 8.66% and a net margin of 14.48%. The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. During the same quarter in the prior year, the business posted $0.54 earnings per share.

Guaranty Bancshares Stock Performance

NASDAQ GNTY opened at $32.53 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $33.70 and its 200-day simple moving average is $31.46. The company has a market cap of $374.65 million, a PE ratio of 13.33 and a beta of 0.57. Guaranty Bancshares has a 1-year low of $26.87 and a 1-year high of $37.28.

Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued 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 dividend yield of 2.95%. Guaranty Bancshares’s payout ratio is currently 39.34%.

Insider Buying and Selling

In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of the firm’s 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 transaction, the director now owns 160,357 shares in the company, valued at approximately $5,176,323.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the completion of the sale, the director now owns 160,357 shares of the company’s stock, valued at approximately $5,176,323.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Travis Brown sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.75, for a total transaction of $25,312.50. Following the completion of the transaction, the executive vice president now directly owns 1,211 shares in the company, valued at $40,871.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,190 shares of company stock worth $336,300. 26.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GNTY. Stephens upped their target price on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped 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.

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.