Guaranty Bancshares (NASDAQ:GNTY) Issues Quarterly Earnings Results

Guaranty Bancshares (NASDAQ:GNTY) issued its quarterly earnings results on Monday. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09, Fidelity Earnings reports. Guaranty Bancshares had a net margin of 20.05% and a return on equity of 9.46%. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.00 million.

Shares of GNTY traded up $0.97 during midday trading on Tuesday, reaching $31.17. The stock had a trading volume of 285 shares, compared to its average volume of 14,467. Guaranty Bancshares has a 1-year low of $24.27 and a 1-year high of $32.00. The company’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $29.82. The company has a market cap of $348.42 million, a price-to-earnings ratio of 17.18 and a beta of 0.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.88 and a quick ratio of 0.88.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, September 25th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 38.92%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods assumed coverage on shares of Guaranty Bancshares in a report on Thursday, October 10th. They issued a “market perform” rating and a $33.00 price objective on the stock. BidaskClub lowered shares of Guaranty Bancshares from a “sell” rating to a “strong sell” rating in a report on Friday. TheStreet upgraded shares of Guaranty Bancshares from a “c+” rating to a “b” rating in a report on Friday, September 20th. Finally, ValuEngine upgraded shares of Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.67.

In other news, VP Randall R. Kucera sold 2,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $31.73, for a total value of $63,460.00. 22.60% of the stock is currently owned by company 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. It offers various deposit products, such as checking and savings, money market, and business accounts, as well as certificates of deposit; and loan products comprising commercial and industrial, construction and development, 1-4 family residential, commercial real estate, farmland and agricultural, multi-family residential, and consumer loans.

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Earnings History for Guaranty Bancshares (NASDAQ:GNTY)

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