Guaranty Bancshares, Inc. (NASDAQ: GNTY) is expected to post quarterly sales of $ 30.70 million
Stock analysts expect Guaranty Bancshares, Inc. (NASDAQ: GNTY) to report sales of $ 30.70 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Guaranty Bancshares, with the lowest revenue estimate at $ 30.20 million and the highest estimate at $ 31.20 million. Guaranty Bancshares reported sales of $ 30.38 million in the same quarter last year, suggesting a positive year-over-year growth rate of 1.1%. The company is expected to report its next results on Tuesday, January 18.
On average, analysts expect Guaranty Bancshares to report annual revenue of $ 121.00 million for the current fiscal year, with estimates ranging from $ 120.20 million to $ 121.80 million. of dollars. For the next fiscal year, analysts predict the company will post sales of $ 122.10 million, with estimates ranging from $ 120.30 million to $ 123.90 million. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who provide coverage for Guaranty Bancshares.
Guaranty Bancshares (NASDAQ: GNTY) last reported its results on Sunday, October 17. The company reported earnings per share (EPS) of $ 0.76 for the quarter, missing the consensus estimate of $ 0.77 by the Zacks ($ 0.01). Guaranty Bancshares recorded a return on equity of 13.52% and a net margin of 31.63%. The company posted revenue of $ 30.02 million for the quarter, compared to a consensus estimate of $ 29.10 million. During the same period last year, the company posted $ 0.92 in EPS.
A number of brokerage firms have recently published reports on GNTY. Zacks Investment Research downgraded Guaranty Bancshares shares from a “hold” rating to a “buy” rating and set a target price of $ 40.00 on the stock in a research report released on Tuesday, December 21. Raymond James increased his target price on Guaranty Bancshares shares from $ 40.00 to $ 42.00 and gave the stock an “outperformance” rating in a research report published on Tuesday, October 19.
GNTY shares opened at $ 37.58 on Monday. Guaranty Bancshares has a one-year low at $ 27.23 and a one-year high at $ 41.28. The company’s fifty-day moving average is $ 37.91. The company has a market capitalization of $ 454.23 million, a price-to-earnings ratio of 11.16 and a beta of 0.46. The company has a debt ratio of 0.24, a current ratio of 0.91, and a quick ratio of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 12. Shareholders of record on Monday, December 27 will receive a dividend of $ 0.20 per share. The ex-dividend date of this dividend is Thursday, December 23. This represents a dividend of $ 0.80 on an annualized basis and a return of 2.13%. Guaranty Bancshares’ dividend payout ratio is currently 23.75%.
Meanwhile, CEO Tyson T. Abston sold 6,170 company shares in a trade on Thursday, October 28. The shares were sold for an average price of $ 37.66, for a total value of $ 232,362.20. The sale was disclosed in a filing with the SEC, which is available at this link. Additionally, CEO Tyson T. Abston sold 1,870 shares of the company in a trade on Wednesday, November 3. The shares were sold at an average price of $ 38.46, for a total trade of $ 71,920.20. Disclosure of this sale can be found here. 27.35% of the shares are held by insiders.
Several large investors have recently changed their holdings to GNTY. Arkadios Wealth Advisors increased its stake in Guaranty Bancshares shares by 47.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 178,314 shares of the company valued at $ 6,392,000 after purchasing an additional 56,974 shares during the last quarter. Maltese Capital Management LLC acquired a new position in Guaranty Bancshares during the 3rd quarter for a value of approximately $ 1,613,000. Monarch Partners Asset Management LLC increased its position in Guaranty Bancshares by 35.4% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 87,963 shares of the company valued at $ 3,153,000 after purchasing an additional 23,001 shares during the last quarter. Russell Investments Group Ltd. increased its position in Guaranty Bancshares by 109.6% in the second quarter. Russell Investments Group Ltd. now owns 36,374 shares of the company valued at $ 1,238,000 after purchasing an additional 19,023 shares in the last quarter. Finally, Morgan Stanley increased its position in Guaranty Bancshares by 5,116.1% during the second quarter. Morgan Stanley now owns 19,091 shares of the company valued at $ 650,000 after purchasing an additional 18,725 shares in the last quarter. Institutional investors hold 21.58% of the company’s shares.
About Guaranty Bancshares
Guaranty Bancshares, Inc is a banking holding company that provides financial products and services. It offers online banking and bill payment services, fraud protection, P2P payments, direct deposits, personal loans for auto loans, student checks, and premium checks. The company was founded on January 13, 1913 and is headquartered in Addison, Texas.
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