Guaranty Bancshares, Inc. (NASDAQ:GNTY) Expected to Announce Quarterly Sales of $31.70 Million

Wall Street brokerages predict that Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Rating) will report sales of $31.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Guaranty Bancshares’ earnings. The lowest sales estimate is $31.40 million and the highest is $32.00 million. Guaranty Bancshares posted sales of $29.45 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Guaranty Bancshares will report full-year sales of $126.90 million for the current year. For the next fiscal year, analysts expect that the business will post sales of $137.55 million, with estimates ranging from $136.90 million to $138.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Guaranty Bancshares.

Guaranty Bancshares (NASDAQ:GNTY – Get Rating) last posted its earnings results on Monday, April 18th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Guaranty Bancshares had a return on equity of 13.59% and a net margin of 31.20%. The company had revenue of $30.80 million during the quarter, compared to analyst estimates of $29.70 million. During the same period in the prior year, the company earned $0.84 earnings per share.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Raymond James lowered their target price on shares of Guaranty Bancshares from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 19th. Finally, Stephens upped their price target on shares of Guaranty Bancshares from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, January 19th.

In related news, Director James S. Bunch acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average cost of $33.89 per share, with a total value of $67,780.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James S. Bunch acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The stock was bought at an average cost of $35.38 per share, for a total transaction of $35,380.00. Following the completion of the transaction, the director now directly owns 153,000 shares in the company, valued at approximately $5,413,140. The disclosure for this purchase can be found here. 26.59% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of GNTY. rhino investment partners Inc acquired a new stake in Guaranty Bancshares in the 1st quarter valued at $2,379,000. Index Fund Advisors Inc. acquired a new position in Guaranty Bancshares in the 1st quarter valued at about $1,807,000. Maltese Capital Management LLC acquired a new position in Guaranty Bancshares in the 3rd quarter valued at about $1,613,000. Rice Hall James & Associates LLC grew its stake in Guaranty Bancshares by 46.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 65,079 shares of the company’s stock valued at $2,446,000 after buying an additional 20,783 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Guaranty Bancshares by 5,116.1% in the 2nd quarter. Morgan Stanley now owns 19,091 shares of the company’s stock valued at $650,000 after purchasing an additional 18,725 shares during the period. Hedge funds and other institutional investors own 22.20% of the company’s stock.

Shares of NASDAQ:GNTY opened at $35.05 on Friday. Guaranty Bancshares has a one year low of $31.65 and a one year high of $44.60. The stock has a fifty day moving average of $35.41 and a 200-day moving average of $36.64. The company has a market capitalization of $423.65 million, a PE ratio of 10.82 and a beta of 0.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Investors of record on Monday, March 28th were issued a $0.22 dividend. The ex-dividend date was Friday, March 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Guaranty Bancshares’s previous quarterly dividend of $0.20. Guaranty Bancshares’s dividend payout ratio (DPR) is currently 27.16%.

Guaranty Bancshares Company Profile (Get Rating)

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 and agricultural, multi-family residential, and consumer loans.

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