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

Wall Street brokerages predict that Guaranty Bancshares, Inc. (NASDAQ:GNTYGet 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:GNTYGet 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.

Further Reading

Get a free copy of the Zacks research report on Guaranty Bancshares (GNTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Guaranty Bancshares (NASDAQ:GNTY)

Receive News & Ratings for Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.