Guaranty Bancshares EVP sells over $18k in company stock

In a recent transaction on July 17, Robert P. Sharp (OTC:SHCAY), the Executive Vice President of Guaranty Bank & Trust, a part of Guaranty Bancshares Inc . (NASDAQ:NYSE:GNTY), sold shares of the company's common stock. The transaction involved 525 shares at a price of $34.5 each, amounting to a total of $18,112.50.

The sale was executed for reasons related to tax and estate planning, as indicated in a footnote of the filing. Following the sale, Mr. Sharp's direct ownership in the company stands at 29,960 shares. Additionally, he has indirect ownership through the Robert Patrick Sharp Lifetime Trust, with 48,899 shares, and through the Issuer KSOP, holding 29,770 shares.

Guaranty Bancshares Inc., headquartered in Mount Pleasant, Texas, operates as the parent company for Guaranty Bank & Trust. The bank provides a range of banking services to individual and corporate customers in the region.

Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's value. The recent sale by Mr. Sharp represents a significant transaction by a key member of the Guaranty Bancshares' executive team. However, it is important to note that the sale was part of strategic personal financial planning and not necessarily indicative of the company's future performance.

The reported transaction was disclosed in accordance with SEC regulations, and all details are available to the public for review. As of now, Guaranty Bancshares continues its operations, serving its customers and stakeholders as a recognized financial institution.

In other recent news, Guaranty Bancshares has reported impressive second-quarter financial results, outperforming consensus forecasts due to net interest margin (NIM) expansion, a decrease in loan balances, and a negative loan loss provision expense. This strong performance led Stephens to increase its price target for the company to $36.00, maintaining an Overweight rating. The bank's NIM has shown steady growth for the third consecutive quarter, a trend expected to continue into 2025.

In further developments, Guaranty Bancshares has launched a new executive compensation plan, the Executive Officer Long Term Incentive Compensation Plan. This plan, approved by the company's board, aims to offer annual bonus opportunities to selected executive officers based on the company's performance against pre-established metrics.

However, Piper Sandler adjusted its outlook on Guaranty Bancshares, reducing its price target from $34 to $30 due to changes in earnings estimates for 2024 and 2025. Alongside these adjustments, Guaranty Bancshares disclosed Q1 results, indicating 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 also expressed interest in potential mergers and acquisitions, aiming to improve its net interest margin to a long-term target of 3.50%.

InvestingPro Insights

Guaranty Bancshares Inc. (NASDAQ:GNTY), the parent company of Guaranty Bank & Trust, has been making notable strides in financial performance. With a market capitalization of 407.17 million USD, the company exhibits a solid price-to-earnings (P/E) ratio of 14.73, which slightly adjusts to 14.61 when considering the last twelve months as of Q2 2024. This valuation metric can be appealing to investors looking for reasonably priced earnings.

An important aspect highlighted by InvestingPro Tips is the company's consistent dividend growth, having raised its dividend for seven consecutive years. Additionally, the strength of Guaranty Bancshares is reflected in its returns, with a 15.85% price total return over the last month and a 15.3% return over the last three months. These figures suggest a strong recent performance in the market, which could be a green flag for potential investors.

Moreover, analysts are optimistic about the bank's profitability, with revisions of earnings estimates trending upwards for the upcoming period. This, coupled with a dividend yield of 2.84% as of the latest data, could indicate a favorable outlook for income-focused investors. For those interested in exploring further, there are additional InvestingPro Tips available, which can be accessed with a special offer. Use coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription to uncover more valuable insights.

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