Guaranty Bancshares, Inc. (NASDAQ:GNTY) CEO Sells $238,140.00 in Stock

Guaranty Bancshares, Inc. (NASDAQ:GNTY) CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the sale, the chief executive officer now owns 101,000 shares in the company, valued at approximately $3,436,020. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Guaranty Bancshares Trading Up 2.4 %

Shares of NASDAQ GNTY opened at $35.43 on Friday. Guaranty Bancshares, Inc. has a 12 month low of $27.01 and a 12 month high of $37.28. The business has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $31.91. The company has a market cap of $403.90 million, a price-to-earnings ratio of 15.06 and a beta of 0.58. 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 (NASDAQ:GNTY) last issued its earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The business had revenue of $45.59 million during the quarter, compared to analysts’ expectations of $29.40 million. Guaranty Bancshares had a return on equity of 8.95% and a net margin of 15.01%. During the same quarter last year, the firm posted $0.54 earnings per share. Sell-side analysts predict that Guaranty Bancshares, Inc. will post 2.46 EPS for the current year.

Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.71%. Guaranty Bancshares’s dividend payout ratio is 40.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GNTY shares. Keefe, Bruyette & Woods lifted their price objective on shares of Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 16th. Stephens lifted their price target on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd.

Institutional Investors Weigh In On Guaranty Bancshares

Several institutional investors have recently made changes to their positions in GNTY. BNP Paribas Financial Markets raised its holdings in Guaranty Bancshares by 97.2% during the first quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company’s stock valued at $124,000 after buying an additional 2,017 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Guaranty Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 21,633 shares of the company’s stock valued at $657,000 after acquiring an additional 1,575 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Guaranty Bancshares by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,288 shares of the company’s stock valued at $1,460,000 after acquiring an additional 1,294 shares in the last quarter. FCG Investment Co acquired a new stake in Guaranty Bancshares in the 3rd quarter worth approximately $1,549,000. Finally, Russell Investments Group Ltd. lifted its holdings in Guaranty Bancshares by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company’s stock worth $2,045,000 after purchasing an additional 12,111 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.