Richard W. Baker, a director at Guaranty Bancshares, Inc. (NASDAQ: GNTY), purchased 431 shares on Friday, January 20. The total cost of purchasing the shares was $14,865.19, an average price of $34.49 per share. The director now directly owns 644,500 shares of the company, and the value of those shares, according to the current market, is $22,228,808. This is the direct result of the transaction. If you follow this link, you will be brought to the document submitted to the Securities and Exchange Commission regarding the acquisition.
Monday, October 17, marked the day Guaranty Bancshares (NASDAQ: GNTY) made public its most recent quarterly results report. The company’s quarterly earnings per share came in at $1.15, which was $0.24 higher than the average estimated $0.91 market analysts provided for the quarter. The revenue for the quarter came in at $34.10 million, which was significantly higher than the analysts’ average estimate of $33.60 million for the amount of revenue generated during the quarter. Guaranty Bancshares had a return on equity of 16.37% for the year, and the net margin for the company was 30.26%. The company reported a profit per share of $0.80, which is an increase of $0.20 compared to the same quarter’s results in the prior year. Earnings of 3.5 cents per share are anticipated to be generated by Guaranty Bancshares, Inc. during the current fiscal year, as stated by the projections provided by industry specialists in research.
Additionally, on January 11 of this year, the company announced and distributed a quarterly dividend that was paid out to shareholders. On December 31, investors who were registered owners of shares were eligible to receive dividend payments that were equal to $0.22 per share. On December 29, the dividend payment, which was initially subject to certain deductions, finally got underway. This equates to an annual dividend payment of $0.88 and a dividend yield of 2.56% when calculated annually. The current payout ratio for Guaranty Bancshares stands at 25.66% as of right now.
On Friday at midday, the price of NASDAQ: GNTY fell to $34.39, a decrease of $0.11 from its previous closing price. Only 179 of the 11,612 shares that typically change hands were traded today. The total number of shares that changed hands was 179. The price of the moving average for the past fifty days at the company is $35.03, and the price of the moving average for the past 200 days is $35.57. The company’s market capitalization is currently valued at $410.62 million, its price-to-earnings ratio is 10.03, and its beta value is 0.42. Guaranty Bancshares, Inc. hit an all-time low of $33.78 during the past year, while the company reached an all-time high of $38.85 during the same period. There is no difference in value when comparing a debt-to-equity ratio of 0.96, a current ratio of 0.84, or a quick ratio of 0.84.
Recent events have resulted in several institutional investors and hedge funds increasing or decreasing the total number of stocks in their respective portfolios. During the second quarter, Arkadios Wealth Advisors saw a 69.3% rise in the amount of Guaranty Bancshares owned as a percentage of the company’s total assets. Arkadios Wealth Advisors was able to increase its holdings in the company by 120,149 shares over the most recent quarter. This brings the total number of shares held by the firm to 293,632, now valued at $10,644,000. Rice Hall James & Associates LLC acquired an additional 0.8% of the total shares in Guaranty Bancshares during the third quarter. After purchasing an additional 667 shares throughout the relevant period, Rice Hall James & Associates LLC has a total of 80,805 shares of the company’s stock, which gives it a market value of $2,795,000. These shares were acquired during the period in question. Martingale Asset Management L.P. successfully increased the amount of Guaranty Bancshares owned by 13.8% during the second quarter. As a result of the purchase of an additional 895 shares during the quarter, Martingale Asset Management L.P. now has a total of 7,388 shares in the company. Given the current price of the company’s shares, this number of shares is equivalent to a financial investment of $269,000 in the Martingale Asset Management L.P. portfolio. Rhino Investment Partners Inc. increased the percentage of Guaranty Bancshares owned by 18.6% over the year’s second quarter. Rhino Investment Partners Inc. now holds 80,616 shares, which it acquired during the most recent period by purchasing an additional 12,652 shares. Based on the current market price, this gives them a value of $2,922,000. During the first three months of this year, MetLife Investment Management LLC increased the amount of Guaranty Bancshares that is owned by 57.0%, bringing us to our last point. After purchasing an additional 1,657 shares during the period in question, MetLife Investment Management LLC now directly owns 4,563 shares, which have an aggregate value of $160,000. These shares were acquired during the period in question. Institutional investors hold company shares to 24.17 percent of the total.
Guaranty Bancshares, Inc. is a company that functions as a bank holding company and offers a wide range of financial services and products to its customers. In addition to the services it already offers, it also allows customers to pay bills and conduct banking transactions online, as well as protection from fraud, direct payments, personal loans, auto loans, premium checking, and student checking. The company was founded on January 13, 1913, and its headquarters are currently situated in Addison, a state in Texas.