Guaranty Bancshares Inc . (NASDAQ:NYSE:GNTY) has disclosed in a recent filing that SEVP - Chief Lending Officer, Brown William Travis, sold a total of 1,500 shares of company stock. The transactions, which took place on August 23 and August 26, were executed at prices ranging from $33.28 to $33.75 per share, resulting in a total sale value of $50,272.
The first sale on August 23 involved 750 shares at $33.28 each, followed by an additional 750 shares sold on August 26 at a slightly higher price of $33.75 per share. Following these transactions, the executive's direct ownership in the company's common stock has been adjusted to 1,211 shares.
While these sales have been publicly reported, the reasons behind the executive's decision to sell the shares remain personal and are not disclosed in the filing. Investors often monitor insider transactions as they can provide insights into an executive's view of the company's current valuation and future prospects.
It's important to note that alongside the reported sales, Brown William Travis also has an indirect ownership of 5,741 shares of Guaranty Bancshares Inc. common stock, held by the Issuer KSOP, an employee stock ownership plan.
As with all insider transactions, these sales have been filed with the U.S. Securities and Exchange Commission and are available for public scrutiny. Guaranty Bancshares Inc., based in Texas, operates as a bank holding company and provides banking and other financial services through its subsidiary.
In other recent news, Guaranty Bancshares has seen several notable developments. The company's second-quarter financial results exceeded consensus forecasts, primarily due to net interest margin (NIM) expansion, a decrease in loan balances, and a negative loan loss provision expense. This marks the third consecutive quarter of NIM growth for the bank. Stephens, an analyst firm, has raised its price target for Guaranty Bancshares to $36.00, citing the bank's strong performance.
Simultaneously, the company introduced a new executive compensation plan, the Executive Officer Long Term Incentive Compensation Plan, aimed at rewarding selected executive officers based on the company's performance against pre-established metrics. However, Piper Sandler, another financial firm, has revised its outlook on Guaranty Bancshares, lowering its price target from $34 to $30.
Furthermore, Guaranty Bancshares' Q1 results showed a slight decrease in total assets and liabilities but an increase in net interest margin and non-interest income, resulting in a net income of $6.7 million for the quarter. The bank has also expressed interest in potential mergers and acquisitions. These recent developments shed light on the strategic decisions Guaranty Bancshares is making to maintain its financial health and position itself for future growth.
InvestingPro Insights
As Guaranty Bancshares Inc. (NASDAQ:GNTY) experiences shifts in insider stock ownership, investors may find additional context through recent performance metrics and analyst insights. According to InvestingPro, Guaranty Bancshares has demonstrated financial resilience with a notable strong return over the last three months, boasting a 16.08% price total return in that period. This may signal underlying strength in the company's operations and investor confidence.
Moreover, the company's commitment to shareholder returns is evident with a dividend yield of 2.83%, supported by a history of raising its dividend for 7 consecutive years. For investors seeking income-generating stocks, this is a reassuring sign of Guaranty Bancshares' dedication to consistent payouts.
On the valuation front, the company's Price to Earnings (P/E) ratio stands at 14.73, with an adjusted P/E ratio for the last twelve months as of Q2 2024 at a similar level of 14.67. This valuation metric can help investors gauge whether the stock is priced fairly relative to its earnings.
For those interested in deeper analysis, there are additional InvestingPro Tips available, including insights on earnings revisions and profitability predictions for the year. Guaranty Bancshares has two analysts who have revised their earnings upwards for the upcoming period, which could indicate potential growth and a positive outlook for the company. To explore these insights further, investors can visit InvestingPro where more tips are available, providing a comprehensive view of the company's financial health and future prospects.
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