Guaranty Bancshares (GNTY) Expected to Announce Quarterly Earnings on Monday

Guaranty Bancshares (NASDAQ:GNTY) will likely be issuing its results before the market opens on Monday, October 20th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $33.4360 million for the quarter.

Guaranty Bancshares Stock Down 0.9%

Guaranty Bancshares stock opened at $48.74 on Friday. The stock has a market cap of $553.43 million, a price-to-earnings ratio of 17.72 and a beta of 0.47. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $48.41 and its two-hundred day moving average price is $44.13. Guaranty Bancshares has a 52 week low of $32.04 and a 52 week high of $52.34.

Guaranty Bancshares Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 19th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Friday, September 19th. Guaranty Bancshares’s dividend payout ratio (DPR) is presently 31.85%.

Insider Buying and Selling at Guaranty Bancshares

In other news, EVP William Travis Brown sold 706 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $48.58, for a total transaction of $34,297.48. Following the completion of the transaction, the executive vice president owned 615 shares in the company, valued at approximately $29,876.70. This trade represents a 53.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 22.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GNTY. Jane Street Group LLC acquired a new position in shares of Guaranty Bancshares in the first quarter worth about $667,000. Empowered Funds LLC acquired a new position in shares of Guaranty Bancshares in the first quarter worth about $650,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Guaranty Bancshares in the second quarter worth about $479,000. Qube Research & Technologies Ltd boosted its holdings in shares of Guaranty Bancshares by 114.6% in the second quarter. Qube Research & Technologies Ltd now owns 18,557 shares of the company’s stock worth $788,000 after buying an additional 9,910 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Guaranty Bancshares in the first quarter worth about $332,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “overweight” rating and set a $47.00 price objective on shares of Guaranty Bancshares in a research report on Monday, June 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Guaranty Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.