Guaranty Bancshares, Inc. (NASDAQ:GNTY) Declares Quarterly Dividend of $0.25

Guaranty Bancshares, Inc. (NASDAQ:GNTY) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Wednesday, April 9th. This represents a $1.00 annualized dividend 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 raised 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% indicating that its dividend is sufficiently covered by earnings. 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

NASDAQ:GNTY traded up $0.69 during trading hours on Friday, reaching $40.16. 16,090 shares of the company’s stock were exchanged, compared to its average volume of 43,339. Guaranty Bancshares has a 1-year low of $27.01 and a 1-year high of $42.95. The firm has a market capitalization of $458.75 million, a price-to-earnings ratio of 14.60 and a beta of 0.59. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $39.18 and a 200 day moving average of $36.36.

Analysts Set New Price Targets

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

About Guaranty Bancshares

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.