Guaranty Bancshares, Inc. (GNTY) to Issue Quarterly Dividend of $0.24 on January 8th

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Thursday, December 19th,NASDAQ Dividends reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.24 per share on Wednesday, January 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, December 30th.

Guaranty Bancshares has raised its dividend payment by an average of 9.1% annually over the last three years. Guaranty Bancshares has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NASDAQ GNTY opened at $34.46 on Friday. The stock has a 50-day simple moving average of $35.56 and a 200 day simple moving average of $33.54. Guaranty Bancshares has a twelve month low of $27.01 and a twelve month high of $38.93. The stock has a market capitalization of $393.67 million, a PE ratio of 14.42 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) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. Guaranty Bancshares had a return on equity of 8.86% and a net margin of 15.01%. The company had revenue of $45.59 million for the quarter, compared to the consensus estimate of $29.40 million. During the same period in the previous year, the business posted $0.54 EPS. Research analysts anticipate that Guaranty Bancshares will post 2.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on GNTY shares. Keefe, Bruyette & Woods raised their price target on shares of Guaranty Bancshares from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens increased their target price on shares of Guaranty Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd.

Insider Activity

In other news, CEO Tyson T. Abston sold 7,000 shares of the company’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 value of $238,140.00. Following the sale, the chief executive officer now directly owns 101,000 shares in the company, valued at approximately $3,436,020. This represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 26.39% of the company’s stock.

Guaranty Bancshares Company Profile

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.