Guaranty Bancshares (NASDAQ:GNTY) Announces Earnings Results

Guaranty Bancshares (NASDAQ:GNTY) released its quarterly earnings data on Monday. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03, Yahoo Finance reports. The business had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. Guaranty Bancshares had a net margin of 14.48% and a return on equity of 8.66%. During the same period in the previous year, the firm earned $0.54 EPS.

Guaranty Bancshares Price Performance

Guaranty Bancshares stock opened at $33.50 on Tuesday. The firm’s 50-day moving average is $33.70 and its two-hundred day moving average is $31.46. 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 has a market capitalization of $385.82 million, a P/E ratio of 13.33 and a beta of 0.57. Guaranty Bancshares has a 12-month low of $26.87 and a 12-month high of $37.28.

Guaranty Bancshares Dividend Announcement

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 $0.24 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.87%. Guaranty Bancshares’s dividend payout ratio (DPR) is 39.34%.

Insider Activity at Guaranty Bancshares

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the chief executive officer now directly owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guaranty Bancshares news, CEO Tyson T. Abston sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now directly owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James S. Bunch sold 5,643 shares of Guaranty Bancshares 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 of the company’s stock, valued at $5,176,323.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,190 shares of company stock valued at $336,300. Company insiders own 26.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GNTY. Keefe, Bruyette & Woods increased their price target on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, July 16th. Stephens upped their target price on Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday.

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.