Guaranty Bancshares, Inc. Declares Quarterly Dividend of $0.22 (NASDAQ:GNTY)

Guaranty Bancshares, Inc. (NASDAQ:GNTYGet Rating) announced a quarterly dividend on Wednesday, September 21st, investing.com reports. Shareholders of record on Saturday, October 1st will be paid a dividend of 0.22 per share on Wednesday, October 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, September 29th.

Guaranty Bancshares has raised its dividend payment by an average of 13.6% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Guaranty Bancshares has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 25.6%.

Guaranty Bancshares Trading Down 2.1 %

Shares of NASDAQ:GNTY opened at $34.67 on Friday. The firm has a fifty day moving average of $35.92 and a two-hundred day moving average of $35.71. The firm has a market capitalization of $419.16 million, a P/E ratio of 10.57 and a beta of 0.46. Guaranty Bancshares has a 12-month low of $33.22 and a 12-month 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 0.65.

Guaranty Bancshares (NASDAQ:GNTYGet Rating) last released its earnings results on Monday, July 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.27. The firm had revenue of $32.93 million during the quarter, compared to analyst estimates of $31.20 million. Guaranty Bancshares had a net margin of 30.53% and a return on equity of 14.85%. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts expect that Guaranty Bancshares will post 3.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Guaranty Bancshares

In other news, Director Richard W. Baker purchased 1,023 shares of Guaranty Bancshares stock in a transaction on Monday, September 19th. The shares were purchased at an average cost of $34.50 per share, for a total transaction of $35,293.50. Following the completion of the transaction, the director now directly owns 564,730 shares in the company, valued at $19,483,185. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard W. Baker purchased 1,023 shares of Guaranty Bancshares stock in a transaction on Monday, September 19th. The shares were purchased at an average cost of $34.50 per share, for a total transaction of $35,293.50. Following the completion of the transaction, the director now directly owns 564,730 shares in the company, valued at $19,483,185. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tyson T. Abston sold 10,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $37.13, for a total transaction of $371,300.00. Following the completion of the transaction, the chief executive officer now owns 49,439 shares in the company, valued at $1,835,670.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 4,120 shares of company stock worth $142,113 and have sold 30,000 shares worth $1,103,220. Company insiders own 26.59% of the company’s stock.

Hedge Funds Weigh In On Guaranty Bancshares

A number of large investors have recently modified their holdings of GNTY. MetLife Investment Management LLC lifted its position in shares of Guaranty Bancshares by 57.0% during the first quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock worth $160,000 after purchasing an additional 1,657 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Guaranty Bancshares by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 229,637 shares of the company’s stock worth $8,038,000 after purchasing an additional 13,821 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Guaranty Bancshares by 6.0% in the first quarter. Renaissance Technologies LLC now owns 58,569 shares of the company’s stock valued at $2,050,000 after buying an additional 3,300 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Guaranty Bancshares by 28.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,663 shares of the company’s stock valued at $1,003,000 after buying an additional 6,402 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Guaranty Bancshares by 7.7% in the second quarter. Rhumbline Advisers now owns 11,688 shares of the company’s stock valued at $424,000 after buying an additional 832 shares during the period. 23.86% of the stock is currently owned by institutional investors and hedge funds.

About Guaranty Bancshares

(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.

Featured Articles

Dividend History for Guaranty Bancshares (NASDAQ:GNTY)

Receive News & Ratings for Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.