Guaranty Bancshares (NASDAQ:GNTY) Announces Earnings Results, Beats Estimates By $0.03 EPS

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

Guaranty Bancshares Price Performance

GNTY stock traded up $1.23 during mid-day trading on Tuesday, hitting $33.76. 9,431 shares of the stock were exchanged, compared to its average volume of 17,933. The business has a fifty day moving average price of $33.70 and a 200 day moving average price of $31.46. Guaranty Bancshares has a 12 month low of $26.87 and a 12 month high of $37.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $388.81 million, a price-to-earnings ratio of 13.73 and a beta of 0.57.

Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid 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 2.84%. Guaranty Bancshares's dividend payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GNTY shares. Stephens upped 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. Keefe, Bruyette & Woods raised their price target on Guaranty Bancshares from $34.00 to $35.00 and gave the company a "market perform" rating in a report on Tuesday, July 16th.

Insider Activity

In other Guaranty Bancshares news, CEO Tyson T. Abston sold 2,500 shares of Guaranty Bancshares stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the chief executive officer now directly owns 69,953 shares of the company's stock, valued at approximately $2,378,402. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director James S. Bunch sold 5,643 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $32.28, for a total transaction of $182,156.04. Following the transaction, the director now directly owns 160,357 shares in the company, valued at $5,176,323.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tyson T. Abston sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now directly owns 69,953 shares of the company's stock, valued at approximately $2,378,402. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,190 shares of company stock worth $336,300. 26.39% of the stock is currently owned by insiders.

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.