Guaranty Bancshares (NASDAQ:GNTY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Guaranty Bancshares (NASDAQ:GNTY) announced its earnings results 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 during the quarter, compared to the consensus estimate of $29.40 million. Guaranty Bancshares had a net margin of 14.48% and a return on equity of 8.66%. During the same quarter in the previous year, the firm posted $0.54 EPS.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY traded up $0.89 during midday trading on Wednesday, hitting $34.65. The stock had a trading volume of 9,159 shares, compared to its average volume of 17,891. The company’s 50-day moving average price is $33.76 and its 200-day moving average price is $31.49. The company has a market capitalization of $399.06 million, a P/E ratio of 13.93 and a beta of 0.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Guaranty Bancshares has a fifty-two week low of $26.87 and a fifty-two week high of $37.28.

Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, September 30th. Guaranty Bancshares’s payout ratio is presently 39.34%.

Insider Activity

In related news, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the completion of the transaction, the director now directly owns 160,357 shares in the company, valued at $5,176,323.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP William Travis Brown sold 750 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.75, for a total value of $25,312.50. Following the sale, the executive vice president now directly owns 1,211 shares of the company’s stock, valued at approximately $40,871.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James S. Bunch sold 5,643 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $32.28, for a total transaction of $182,156.04. Following the completion of the sale, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,190 shares of company stock worth $336,300. 26.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, July 16th. Stephens boosted their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday.

Guaranty Bancshares Company Profile

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.