Guaranty Bancshares, Inc. (NASDAQ:GNTY - Get Free Report) CEO Tyson T. Abston sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 101,000 shares in the company, valued at $3,436,020. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Guaranty Bancshares Stock Performance
NASDAQ:GNTY traded up $0.98 during trading hours on Friday, reaching $35.57. 1,863 shares of the company's stock were exchanged, compared to its average volume of 17,827. The firm has a market capitalization of $405.50 million, a price-to-earnings ratio of 14.85 and a beta of 0.58. The company has a 50-day moving average of $33.93 and a 200 day moving average of $31.87. 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, Inc. has a 1-year low of $27.01 and a 1-year high of $37.28.
Guaranty Bancshares (NASDAQ:GNTY - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. Guaranty Bancshares had a net margin of 15.01% and a return on equity of 8.95%. The firm 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 firm earned $0.54 earnings per share. Research analysts anticipate that Guaranty Bancshares, Inc. will post 2.42 EPS for the current year.
Guaranty Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.70%. Guaranty Bancshares's dividend payout ratio (DPR) is presently 40.17%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on GNTY shares. Keefe, Bruyette & Woods upped their target price 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 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, October 22nd.
Read Our Latest Analysis on Guaranty Bancshares
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of GNTY. BNP Paribas Financial Markets boosted its position in Guaranty Bancshares by 97.2% during the first quarter. BNP Paribas Financial Markets now owns 4,093 shares of the company's stock worth $124,000 after acquiring an additional 2,017 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Guaranty Bancshares by 7.9% in the 1st quarter. Empowered Funds LLC now owns 21,633 shares of the company's stock valued at $657,000 after purchasing an additional 1,575 shares during the last quarter. FCG Investment Co acquired a new position in shares of Guaranty Bancshares during the 3rd quarter valued at $1,549,000. Bank of New York Mellon Corp lifted its holdings in shares of Guaranty Bancshares by 2.9% during 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. Finally, Russell Investments Group Ltd. increased its stake in Guaranty Bancshares by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 67,351 shares of the company's stock worth $2,045,000 after buying an additional 12,111 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.
Guaranty Bancshares Company Profile
(
Get Free Report)
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.
Further Reading
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