Guaranty Bancshares, Inc. Plans Quarterly Dividend of $0.24 (NASDAQ:GNTY)

Guaranty Bancshares, Inc. (NASDAQ:GNTY) 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.

Guaranty Bancshares (NASDAQ:GNTY) last posted its quarterly earnings data on Monday, July 15th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. The business had revenue of $28.48 million during the quarter, compared to the consensus estimate of $28.50 million. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. Equities research analysts forecast that Guaranty Bancshares will post 2.41 earnings per share for the current year.

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.

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.