Wall Street brokers expect Guaranty Bancshares, Inc. (NASDAQ:GNTY – Get Rating) to report sales of $29.75 million for the current fiscal quarter, according to Zacks. Two analysts have made earnings estimates for Guaranty Bancshares. The lowest sales estimate is $29.70 million and the highest is $29.80 million. Guaranty Bancshares reported sales of $30.61 million in the same quarter last year, which would indicate a negative growth rate of 2.8% year-over-year. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Guaranty Bancshares to report revenue of $122.30 million for the current fiscal year, with estimates ranging from $121.70 to $122.90 million. For the next fiscal year, analysts expect the company to record sales of $130.85 million, with estimates ranging from $130.50 million to $131.20 million. Zacks Investment Research sales calculations are an average average based on a survey of analysts who cover Guaranty Bancshares.

Guaranty Bancshares (NASDAQ:GNTY – Get Rating) last released its quarterly results on Tuesday, January 18. The company reported earnings per share of $0.83 for the quarter, beating the Zacks consensus estimate of $0.81 by $0.02. Guaranty Bancshares posted a net margin of 31.31% and a return on equity of 13.37%. The company posted revenue of $30.06 million for the quarter, versus a consensus estimate of $30.70 million. In the same quarter of the previous year, the company had earned earnings per share of $0.79.

GNTY has been the subject of a number of recent research reports. Raymond James raised his price target on Guaranty Bancshares shares from $42.00 to $45.00 and gave the stock an “outperform” rating in a Wednesday, Jan. 19 research note. Zacks Investment Research upgraded shares of Guaranty Bancshares from a “hold” rating to a “buy” rating and set a price target of $40.00 on the stock in a research note on Tuesday. Finally, Stephens raised his price target on Guaranty Bancshares shares from $44.00 to $45.00 and gave the stock an “overweight” rating in a Wednesday, Jan. 19 research note.

Separately, director James S. Bunch acquired 2,000 shares of the company in a transaction on Thursday, February 24. The stock was purchased at an average cost of $33.89 per share, with a total value of $67,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. 27.35% of the shares are currently held by insiders of the company.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Arkadios Wealth Advisors increased its stake in Guaranty Bancshares shares by 47.0% in the third quarter. Arkadios Wealth Advisors now owns 178,314 shares of the company valued at $6,392,000 after purchasing an additional 56,974 shares in the last quarter. Maltese Capital Management LLC bought a new position in shares of Guaranty Bancshares in the third quarter worth approximately $1,613,000. Monarch Partners Asset Management LLC increased its holdings of Guaranty Bancshares shares by 35.4% in the third quarter. Monarch Partners Asset Management LLC now owns 87,963 shares of the company valued at $3,153,000 after purchasing an additional 23,001 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings of Guaranty Bancshares shares by 46.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 65,079 shares of the company valued at $2,446,000 after purchasing an additional 20,783 shares in the last quarter. Finally, Morgan Stanley increased its holdings of Guaranty Bancshares shares by 5,116.1% in the second quarter. Morgan Stanley now owns 19,091 shares of the company valued at $650,000 after buying an additional 18,725 shares in the last quarter. 21.73% of the shares are held by institutional investors.

GNTY opened at $35.97 on Friday. Guaranty Bancshares has a fifty-two week minimum of $31.65 and a fifty-two week maximum of $44.60. The company has a debt ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.91. The company’s fifty-day moving average price is $36.06 and its two-hundred-day moving average price is $36.51. The company has a market capitalization of $434.77 million, a P/E ratio of 10.90 and a beta of 0.49.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 13. Shareholders of record on Monday, March 28 will receive a dividend of $0.22 per share. The ex-dividend date is Friday, March 25. This is a boost from Guaranty Bancshares’ previous quarterly dividend of $0.20. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 2.45%. Guaranty Bancshares’ dividend payout ratio (DPR) is currently 24.24%.

Guaranty Bancshares Company Profile (Get a rating)

Guaranty Bancshares, Inc is a bank holding company that provides financial products and services. It offers online banking and bill payment, fraud protection, P2P payments, direct deposits, personal loans, auto loans, student verifications, and premium verifications. The company was founded on January 13, 1913 and is headquartered in Addison, TX.

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