Guaranty Bancshares, Inc. (GNTY) to Issue Quarterly Dividend of $0.25 on April 9th

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.25 per share on Wednesday, April 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Monday, March 31st. This is a 4.2% increase from Guaranty Bancshares’s previous quarterly dividend of $0.24.

Guaranty Bancshares has increased its dividend payment by an average of 6.3% annually over the last three years. Guaranty Bancshares has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guaranty Bancshares to earn $3.25 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.5%.

Guaranty Bancshares Stock Performance

Shares of GNTY stock opened at $40.16 on Friday. Guaranty Bancshares has a 12 month low of $27.01 and a 12 month high of $42.95. The company has a market cap of $458.75 million, a P/E ratio of 14.60 and a beta of 0.59. 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 firm has a fifty day moving average price of $39.18 and a 200 day moving average price of $36.36.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Guaranty Bancshares from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd.

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.