Guaranty Bancshares, Inc. (NASDAQ:GNTY) Plans Quarterly Dividend of $0.18

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.18 per share on Wednesday, October 9th. This represents a $0.72 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, September 25th. This is a boost from Guaranty Bancshares’s previous quarterly dividend of $0.17.

GNTY opened at $31.23 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.88. Guaranty Bancshares has a 1-year low of $24.27 and a 1-year high of $32.54. The company has a 50-day moving average of $30.29 and a 200-day moving average of $29.70. The company has a market capitalization of $368.65 million, a P/E ratio of 16.88 and a beta of 0.04.

Guaranty Bancshares (NASDAQ:GNTY) last posted its earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $23.40 million for the quarter, compared to analyst estimates of $23.70 million. Guaranty Bancshares had a net margin of 20.05% and a return on equity of 9.46%. As a group, sell-side analysts expect that Guaranty Bancshares will post 2.13 earnings per share for the current fiscal year.

Several research firms recently commented on GNTY. Piper Jaffray Companies initiated coverage on shares of Guaranty Bancshares in a research note on Monday, June 10th. They set a “neutral” rating and a $32.00 target price for the company. Zacks Investment Research raised shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. BidaskClub downgraded shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Stephens set a $33.00 price objective on shares of Guaranty Bancshares and gave the company a “buy” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Guaranty Bancshares currently has an average rating of “Hold” and a consensus price target of $32.50.

In other Guaranty Bancshares news, VP Randall R. Kucera sold 2,000 shares of Guaranty Bancshares stock in a transaction on Friday, September 13th. The shares were sold at an average price of $31.73, for a total transaction of $63,460.00. 22.60% of the stock is currently owned by insiders.

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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

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Dividend History for Guaranty Bancshares (NASDAQ:GNTY)

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