Guaranty Bancshares, Inc. Announces Quarterly Dividend of $0.24 (NASDAQ:GNTY)

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.24 per share on Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, December 30th.

Guaranty Bancshares has increased its dividend by an average of 9.1% annually over the last three years. Guaranty Bancshares has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 38.7%.

Guaranty Bancshares Stock Performance

Shares of NASDAQ GNTY traded up $0.87 during midday trading on Friday, reaching $34.69. 96,893 shares of the company were exchanged, compared to its average volume of 19,225. The stock has a market cap of $396.30 million, a P/E ratio of 14.51 and a beta of 0.60. Guaranty Bancshares has a 1 year low of $27.01 and a 1 year high of $38.93. The stock has a fifty day simple moving average of $35.52 and a 200 day simple moving average of $33.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14.

Guaranty Bancshares (NASDAQ:GNTY) last announced its earnings results on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. During the same period last year, the business posted $0.54 EPS. On average, research analysts forecast that Guaranty Bancshares will post 2.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tyson T. Abston sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the sale, the chief executive officer now owns 101,000 shares of the company’s stock, valued at $3,436,020. The trade was a 6.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GNTY has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens increased their price target on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd.

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. 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.