Insider Selling: Guaranty Bancshares, Inc. (NASDAQ:GNTY) CEO Sells 10,000 Shares of Stock

Guaranty Bancshares, Inc. (NASDAQ:GNTYGet Rating) CEO Tyson T. Abston sold 10,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the transaction, the chief executive officer now directly owns 39,439 shares of the company’s stock, valued at approximately $1,456,087.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guaranty Bancshares Stock Performance

Shares of GNTY stock opened at $36.18 on Friday. The company has a market cap of $437.42 million, a price-to-earnings ratio of 11.03 and a beta of 0.44. Guaranty Bancshares, Inc. has a 52 week low of $33.01 and a 52 week high of $44.60. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $36.26 and a 200-day moving average of $35.79.

Guaranty Bancshares (NASDAQ:GNTYGet Rating) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.12. Guaranty Bancshares had a net margin of 30.53% and a return on equity of 14.68%. During the same period in the prior year, the company posted $0.77 earnings per share. On average, equities analysts forecast that Guaranty Bancshares, Inc. will post 3.45 earnings per share for the current year.

Guaranty Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Monday, June 27th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, June 24th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 26.83%.

Hedge Funds Weigh In On Guaranty Bancshares

Large investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new stake in shares of Guaranty Bancshares during the 1st quarter worth $34,000. Advisor Group Holdings Inc. increased its holdings in Guaranty Bancshares by 108.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,731 shares of the company’s stock worth $65,000 after acquiring an additional 899 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Guaranty Bancshares in the 1st quarter worth about $69,000. SG Americas Securities LLC purchased a new stake in Guaranty Bancshares in the 2nd quarter worth about $122,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Guaranty Bancshares by 74.7% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,675 shares of the company’s stock worth $138,000 after acquiring an additional 1,571 shares during the last quarter. 22.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James cut shares of Guaranty Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th.

Guaranty Bancshares Company Profile

(Get Rating)

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 and agricultural, multi-family residential, and consumer loans.

See Also

Insider Buying and Selling by Quarter for Guaranty Bancshares (NASDAQ:GNTY)

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