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

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.24 per share on Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, December 30th.

Guaranty Bancshares has increased its dividend payment by an average of 9.1% per year over the last three years. Guaranty Bancshares has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Guaranty Bancshares to earn $2.48 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 38.7%.

Guaranty Bancshares Stock Down 2.3 %

Shares of NASDAQ:GNTY opened at $34.46 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm has a market cap of $393.67 million, a P/E ratio of 14.42 and a beta of 0.60. Guaranty Bancshares has a 12 month low of $27.01 and a 12 month high of $38.93. The company’s 50-day moving average price is $35.56 and its two-hundred day moving average price is $33.54.

Guaranty Bancshares (NASDAQ:GNTY) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.86%. The business had revenue of $45.59 million during the quarter, compared to analyst estimates of $29.40 million. During the same quarter last year, the business posted $0.54 earnings per share. As a group, research analysts forecast that Guaranty Bancshares will post 2.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tyson T. Abston sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief executive officer now owns 101,000 shares of the company’s stock, valued at approximately $3,436,020. This represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 26.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GNTY. Keefe, Bruyette & Woods raised their price target on Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens raised their target price on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd.

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.