Tyson Abston, Chairman and CEO of Guaranty Bancshares Inc . (NASDAQ:NYSE:GNTY), has recently sold 7,000 shares of common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $34.02 each, amounting to a total transaction value of $238,140. Following the sale, Abston holds 101,000 shares directly. The sale was conducted to fund the exercise of options, as noted in the filing. Additionally, Abston indirectly owns 37,436 shares through the issuer's KSOP plan.
In other recent news, Guaranty Bancshares reported a resilient third quarter. Despite facing a decrease in total assets year-to-date and extraordinary expenses, the bank managed to post a net income of $7.4 million. The bank's deposits and total equity experienced growth, and it paid a dividend of $0.24 per share while also repurchasing nearly 60,000 shares.
Guaranty Bancshares also has plans for organic growth and acquisitions, aiming for an additional $1 billion to $2 billion in growth over the next three to four years. The bank is also expecting a monthly net interest margin increase of about two basis points, targeting a range close to 3.50% by the end of 2025.
However, the bank did face a decrease in total assets year-to-date, with gross loans falling by $78.5 million. Extraordinary expenses related to two properties also impacted financial performance. Despite these challenges, Guaranty Bancshares maintains a strong capital position, with a total equity to average assets ratio of 10.4%, and a robust liquidity ratio of 17.1%.
InvestingPro Insights
As Tyson Abston adjusts his stake in Guaranty Bancshares Inc. (NASDAQ:GNTY), investors may find additional context in the company's financial metrics and recent performance. According to InvestingPro data, GNTY's market capitalization stands at $413.14 million, with a price-to-earnings ratio of 14.73, suggesting a relatively modest valuation compared to industry peers.
One of the notable InvestingPro Tips highlights that Guaranty Bancshares has raised its dividend for 7 consecutive years, a positive sign for income-focused investors. This consistent dividend growth, coupled with a current dividend yield of 2.78%, may appeal to shareholders looking for steady returns. The company's dividend growth rate of 4.35% over the last twelve months further underscores its commitment to returning value to shareholders.
Despite the recent insider sale, GNTY has shown strong price performance, with a 21.23% total return over the past year. This outperformance is reflected in the stock trading at 92.78% of its 52-week high, indicating investor confidence in the company's prospects.
For those seeking a deeper analysis, InvestingPro offers additional tips and metrics that could provide valuable insights into GNTY's financial health and future outlook. With 13 more tips available on the InvestingPro platform, investors can gain a more comprehensive understanding of Guaranty Bancshares' position in the market.
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