Zacks: Brokers expect Guaranty Bancshares, Inc. (NASDAQ: GNTY) to post quarterly sales of $29.75 million
Brokers expect Guaranty Bancshares, Inc. (NASDAQ:GNTY) to report revenue of $29.75 million for the current quarter, Zacks Investment Research reports. Two analysts 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, indicating a negative growth rate of 2.8% year-over-year. The company is expected to release its next results on Monday, April 18.
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 next year, analysts expect the company to post sales of $130.85 million, with estimates ranging from $130.50 million to $131.20 million. Zacks Investment Research’s Sell Averages are an average average based on a survey of sell-side analysts who cover Guaranty Bancshares.
Guaranty Bancshares (NASDAQ:GNTY) last released its quarterly earnings data on Tuesday, January 18. The company reported EPS of $0.75 for the quarter, missing analyst consensus estimates of $0.81 per ($0.06). Guaranty Bancshares achieved a return on equity of 13.53% and a net margin of 31.31%. In the same quarter last year, the company posted earnings per share of $0.79.
GNTY has been the subject of a number of research reports. Raymond James raised its price target on Guaranty Bancshares shares from $42.00 to $45.00 and gave the stock an “outperform” rating in a Wednesday, January 19 report. Stephens raised its price target on Guaranty Bancshares shares from $44.00 to $45.00 and gave the company an “overweight” rating in a Wednesday, January 19 report. Finally, Zacks Investment Research downgraded Guaranty Bancshares shares from a “buy” rating to a “hold” rating in a report on Thursday.
Guaranty Bancshares shares opened at $36.66 on Monday. The company has a market capitalization of $443.11 million, a P/E ratio of 11.11 and a beta of 0.47. The stock has a fifty-day simple moving average of $37.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.24. Guaranty Bancshares has a 12-month low of $29.09 and a 12-month high of $44.60.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 12. Investors of record on Monday, December 27 received a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, December 23. Guaranty Bancshares’ dividend payout rate is currently 24.24%.
In related news, CEO Tyson T. Abston sold 1,870 shares of Guaranty Bancshares in a trade dated Wednesday, November 3. The shares were sold at an average price of $38.46, for a total transaction of $71,920.20. The sale was disclosed in a legal filing with the SEC, accessible via this link. Also, CEO Tyson T. Abston sold 6,170 shares of the company in a transaction dated Thursday, October 28. The stock was sold at an average price of $37.66, for a total transaction of $232,362.20. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 8,540 shares of the company worth $323,532. Insiders of the company hold 27.35% of the shares of the company.
A number of institutional investors have recently shifted their holdings to GNTY. Goldman Sachs Group Inc. increased its stake in Guaranty Bancshares by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 23,033 shares of the company worth $785,000 after buying an additional 5,967 shares last quarter. Dimensional Fund Advisors LP increased its stake in Guaranty Bancshares by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 210,664 shares of the company worth $7,177,000 after purchasing an additional 6,312 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Guaranty Bancshares by 11.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 37,820 shares of the company worth $1,288,000 after purchasing 3,863 additional shares in the last quarter. Trexquant Investment LP bought a new position in Guaranty Bancshares in Q2 for a value of approximately $218,000. Finally, WINTON GROUP Ltd increased its stake in Guaranty Bancshares by 2.8% in the 3rd quarter. WINTON GROUP Ltd now owns 10,811 shares in the company worth $388,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors hold 21.65% of the company’s shares.
Guaranty Bancshares Company Profile
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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