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

Guaranty Bancshares logo with Finance background

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.

Read Our Latest Stock Analysis on GNTY

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

(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.

See Also

Earnings History for Guaranty Bancshares (NASDAQ:GNTY)

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