Guaranty Bancshares, Inc. (GNTY) Increases Dividend to $0.14 Per Share

Guaranty Bancshares, Inc. (NASDAQ:GNTY) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Shareholders of record on Tuesday, December 26th will be given a dividend of 0.14 per share on Wednesday, January 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, December 22nd. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.13.

Guaranty Bancshares (GNTY) traded down $0.61 during mid-day trading on Friday, hitting $30.39. 13,700 shares of the company’s stock traded hands, compared to its average volume of 28,029. Guaranty Bancshares has a 1-year low of $28.00 and a 1-year high of $36.38. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.38.

Guaranty Bancshares (NASDAQ:GNTY) last announced its quarterly earnings data on Monday, October 23rd. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). The company had revenue of $18.80 million during the quarter. Guaranty Bancshares had a net margin of 18.17% and a return on equity of 9.60%. analysts predict that Guaranty Bancshares will post 1.55 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of Guaranty Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th.

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new position in Guaranty Bancshares in the 2nd quarter worth approximately $115,000. State Street Corp acquired a new position in Guaranty Bancshares in the 2nd quarter worth approximately $492,000. Northern Trust Corp acquired a new position in Guaranty Bancshares in the 2nd quarter worth approximately $735,000. Finally, Vanguard Group Inc. acquired a new position in Guaranty Bancshares in the 2nd quarter worth approximately $1,624,000. 20.04% of the stock is owned by hedge funds and other institutional investors.

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About Guaranty Bancshares

Guaranty Bancshares, Inc is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements.

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