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

Guaranty Bancshares (NASDAQ:GNTY) issued its quarterly earnings results on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03, Yahoo Finance reports. The firm had revenue of $45.59 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.54 EPS.

Guaranty Bancshares Stock Performance

GNTY opened at $33.68 on Wednesday. The stock has a market cap of $387.89 million, a P/E ratio of 13.80 and a beta of 0.57. 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’s 50 day simple moving average is $33.76 and its 200 day simple moving average is $31.49. Guaranty Bancshares has a 1-year low of $26.87 and a 1-year high of $37.28.

Guaranty Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Monday, September 30th. Guaranty Bancshares’s dividend payout ratio is currently 39.34%.

Analyst Upgrades and Downgrades

GNTY has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Guaranty Bancshares from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th. Stephens upped their price target on Guaranty Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday.

Insider Activity at Guaranty Bancshares

In related news, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Tyson T. Abston sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the chief executive officer now owns 69,953 shares of the company’s stock, valued at approximately $2,378,402. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Travis Brown sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.75, for a total value of $25,312.50. Following the completion of the sale, the executive vice president now directly owns 1,211 shares in the company, valued at approximately $40,871.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,190 shares of company stock valued at $336,300. 26.39% of the stock is owned by corporate 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.