Guaranty Bancshares, Inc. (NASDAQ:GNTY) Declares Dividend Increase - $0.25 Per Share

Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Wednesday, April 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, March 31st. This is a 4.2% increase from Guaranty Bancshares's previous quarterly dividend of $0.24.

Guaranty Bancshares has raised its dividend payment by an average of 6.3% annually over the last three years. Guaranty Bancshares has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Guaranty Bancshares to earn $3.25 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 29.5%.

Guaranty Bancshares Stock Up 0.3 %

NASDAQ:GNTY traded up $0.13 during trading hours on Tuesday, reaching $40.06. 20,710 shares of the stock were exchanged, compared to its average volume of 42,643. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $42.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day moving average of $39.41 and a 200 day moving average of $36.48. The stock has a market cap of $457.63 million, a PE ratio of 14.57 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on Guaranty Bancshares from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 22nd.

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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.