Guaranty Bancshares, Inc. (NASDAQ:GNTY) Plans $0.22 Quarterly Dividend

Guaranty Bancshares, Inc. (NASDAQ:GNTYGet Rating) declared a quarterly dividend on Friday, June 17th, investing.com reports. Stockholders of record on Monday, June 27th will be paid a dividend of 0.22 per share on Wednesday, July 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, June 24th.

Guaranty Bancshares has increased its dividend by an average of 13.6% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Guaranty Bancshares has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 25.9%.

NASDAQ GNTY opened at $35.75 on Friday. The firm has a market cap of $432.22 million, a PE ratio of 11.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $35.39 and its 200 day simple moving average is $36.09. Guaranty Bancshares has a one year low of $31.65 and a one year high of $44.60.

Guaranty Bancshares (NASDAQ:GNTYGet Rating) last posted its quarterly earnings results on Monday, April 18th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Guaranty Bancshares had a return on equity of 13.63% and a net margin of 31.20%. The business had revenue of $30.80 million for the quarter, compared to analyst estimates of $29.70 million. During the same period last year, the company earned $0.84 EPS. As a group, equities analysts expect that Guaranty Bancshares will post 3.29 earnings per share for the current year.

Separately, Raymond James dropped their price target on Guaranty Bancshares from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 19th.

In other news, Director James S. Bunch acquired 1,000 shares of Guaranty Bancshares stock in a transaction dated Monday, April 25th. The stock was bought at an average price of $35.38 per share, for a total transaction of $35,380.00. Following the completion of the acquisition, the director now directly owns 153,000 shares in the company, valued at approximately $5,413,140. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 1,672 shares of company stock valued at $58,558. Corporate insiders own 26.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Guaranty Bancshares by 28.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,663 shares of the company’s stock valued at $1,003,000 after buying an additional 6,402 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Guaranty Bancshares by 6.0% in the first quarter. Renaissance Technologies LLC now owns 58,569 shares of the company’s stock valued at $2,050,000 after buying an additional 3,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Guaranty Bancshares by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 229,637 shares of the company’s stock valued at $8,038,000 after buying an additional 13,821 shares in the last quarter. MetLife Investment Management LLC raised its position in Guaranty Bancshares by 57.0% during the first quarter. MetLife Investment Management LLC now owns 4,563 shares of the company’s stock valued at $160,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Barclays PLC raised its position in Guaranty Bancshares by 49.2% during the fourth quarter. Barclays PLC now owns 19,475 shares of the company’s stock valued at $733,000 after purchasing an additional 6,426 shares in the last quarter. Institutional investors own 22.20% of the company’s stock.

About Guaranty Bancshares (Get Rating)

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 and agricultural, multi-family residential, and consumer loans.

See Also

Dividend History for Guaranty Bancshares (NASDAQ:GNTY)

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