Guaranty Bancshares (NASDAQ:GNTY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Guaranty Bancshares (NASDAQ:GNTYGet Free Report) released its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04, MarketWatch Earnings reports. Guaranty Bancshares had a net margin of 16.79% and a return on equity of 9.92%. The company had revenue of $28.61 million during the quarter, compared to the consensus estimate of $27.65 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share.

Guaranty Bancshares Price Performance

Shares of NASDAQ:GNTY opened at $33.44 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $385.53 million, a P/E ratio of 12.34 and a beta of 0.53. Guaranty Bancshares has a 52 week low of $22.12 and a 52 week high of $35.00. The company has a 50-day moving average price of $31.47 and a 200 day moving average price of $29.97.

Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Saturday, December 30th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Guaranty Bancshares’s dividend payout ratio (DPR) is 33.95%.

Wall Street Analyst Weigh In

Separately, Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Guaranty Bancshares in a research note on Wednesday.

View Our Latest Stock Analysis on GNTY

Institutional Investors Weigh In On Guaranty Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in Guaranty Bancshares by 35.0% in the third quarter. American Century Companies Inc. now owns 33,518 shares of the company’s stock valued at $962,000 after purchasing an additional 8,682 shares during the period. Deutsche Bank AG lifted its position in Guaranty Bancshares by 108.2% in the third quarter. Deutsche Bank AG now owns 3,165 shares of the company’s stock valued at $91,000 after purchasing an additional 1,645 shares during the period. Wells Fargo & Company MN lifted its position in Guaranty Bancshares by 69.5% in the second quarter. Wells Fargo & Company MN now owns 4,323 shares of the company’s stock valued at $117,000 after purchasing an additional 1,772 shares during the period. Royal Bank of Canada lifted its position in Guaranty Bancshares by 15.0% in the second quarter. Royal Bank of Canada now owns 10,648 shares of the company’s stock valued at $289,000 after purchasing an additional 1,387 shares during the period. Finally, State Street Corp lifted its position in Guaranty Bancshares by 0.7% in the second quarter. State Street Corp now owns 163,179 shares of the company’s stock valued at $4,457,000 after purchasing an additional 1,129 shares during the period. Institutional investors and hedge funds own 23.26% of the company’s stock.

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.

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Earnings History for Guaranty Bancshares (NASDAQ:GNTY)

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