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

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

Guaranty Bancshares has increased its dividend payment by an average of 9.1% annually over the last three years. Guaranty Bancshares has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. 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 Up 2.6 %

GNTY stock traded up $0.87 on Friday, hitting $34.69. 96,893 shares of the company's stock were exchanged, compared to its average volume of 19,225. The firm has a 50 day moving average price of $35.52 and a two-hundred day moving average price of $33.33. Guaranty Bancshares has a 12-month low of $27.01 and a 12-month high of $38.93. The stock has a market cap of $396.30 million, a P/E ratio of 14.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.

Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. The business had revenue of $45.59 million for the quarter, compared to analyst estimates of $29.40 million. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, equities research analysts expect that Guaranty Bancshares will post 2.46 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer now owns 101,000 shares in the company, valued at $3,436,020. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 26.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GNTY. Stephens lifted their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on Guaranty Bancshares from $35.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

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.

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