Guaranty Bancshares (NASDAQ:GNTY) Issues Earnings Results

Guaranty Bancshares (NASDAQ:GNTY) issued its quarterly earnings results on Monday. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03, Yahoo Finance reports. Guaranty Bancshares had a return on equity of 8.66% and a net margin of 14.48%. The business had revenue of $45.59 million during the quarter, compared to the consensus estimate of $29.40 million. During the same quarter last year, the company earned $0.54 earnings per share.

Guaranty Bancshares Trading Down 6.4 %

Guaranty Bancshares stock opened at $32.53 on Tuesday. The stock has a 50-day moving average price of $33.70 and a 200 day moving average price of $31.46. The company has a market capitalization of $374.65 million, a price-to-earnings ratio of 13.33 and a beta of 0.57. Guaranty Bancshares has a 52 week low of $26.87 and a 52 week high of $37.28. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, September 30th. Guaranty Bancshares’s payout ratio is 39.34%.

Insider Buying and Selling

In other Guaranty Bancshares news, Director James S. Bunch sold 5,643 shares of Guaranty Bancshares 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 sale, the director now directly owns 160,357 shares in the company, valued at approximately $5,176,323.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director James S. Bunch sold 5,643 shares of the business’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 transaction, the director now directly owns 160,357 shares in the company, valued at $5,176,323.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the chief executive officer now owns 69,953 shares of the company’s stock, valued at $2,378,402. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,190 shares of company stock worth $336,300. 26.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stephens increased their price objective on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target 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.

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.