Guaranty Bancshares Inc . (NASDAQ:NYSE:GNTY) Chairman and CEO Tyson T. Abston has sold a portion of his company stock, according to recent filings with the Securities and Exchange Commission. The transactions, which took place on August 26 and August 28, 2024, involved the sale of a total of 3,047 shares at prices ranging from $34.0 to $34.5 per share, amounting to over $103,871.
The sale was executed for financial planning purposes, as noted in the remarks section of the filing. Abston's sale has left him with a direct ownership of 69,953 shares following the transactions. Additionally, he holds an indirect ownership of 37,180 shares through the Issuer KSOP.
Investors often monitor insider trading for insights into a company's health and management's confidence in the firm's prospects. While the sale of stock by a company executive can have various motivations, it is worth noting that the transactions were completed as part of financial planning activities.
Guaranty Bancshares, headquartered in Mount Pleasant, Texas, operates as a bank holding company for Guaranty Bank & Trust, providing banking and financial services to its customers. The company's stock is traded on the NASDAQ, where it continues to be a point of interest for shareholders and potential investors.
The SEC filing, signed by Shalene A. Jacobson as attorney-in-fact for Abston, confirms that the CEO's transactions were in compliance with applicable securities laws. Following these sales, Abston remains a significant shareholder in the company, maintaining a substantial stake in Guaranty Bancshares' future performance.
"In other recent news, Guaranty Bancshares reported strong second-quarter financial results, surpassing consensus forecasts primarily due to net interest margin (NIM) expansion. The bank's NIM has shown its third consecutive quarter of growth, a momentum Stephens expects to continue into 2025. In response to these results, Stephens has increased Guaranty Bancshares' price target to $36.00 and maintained an Overweight rating.
Recent developments also include the introduction of a new executive compensation plan and a slight decrease in total assets and liabilities for Q1. However, the bank reported an increase in net interest margin and non-interest income, resulting in a net income of $6.7 million for the quarter. Additionally, Guaranty Bancshares has expressed interest in potential mergers and acquisitions.
Piper Sandler has adjusted its outlook on the bank, reducing its price target from $34 to $30. These developments highlight Guaranty Bancshares' strategic decisions to maintain its financial health and position itself for future growth."
InvestingPro Insights
As Guaranty Bancshares Inc. (NASDAQ:GNTY) navigates the financial landscape, recent activity by Chairman and CEO Tyson T. Abston has caught the attention of investors. While insider sales can signal various strategic moves, it's essential to consider the broader financial metrics and analyst insights that paint a more comprehensive picture of the company's standing.
InvestingPro data indicates a stable market capitalization for Guaranty Bancshares, currently at $403.46 million. The company's price-to-earnings (P/E) ratio stands at 14.73, reflecting market sentiment about its earnings potential. Moreover, the firm's robust operating income margin of 28.03% in the last twelve months as of Q2 2024 underscores its operational efficiency.
Among the InvestingPro Tips, it's notable that Guaranty Bancshares has a history of rewarding shareholders, having raised its dividend for seven consecutive years, with a current dividend yield of 2.83%. Additionally, analysts have revised their earnings upwards for the upcoming period, suggesting optimism about the company's future profitability. These insights, coupled with a strong return over the last three months, with a price total return of 20.47%, indicate a positive trajectory for the bank holding company.
Investors seeking more detailed insights can find a wealth of InvestingPro Tips, including 5 additional tips for Guaranty Bancshares, at https://www.investing.com/pro/GNTY. These tips provide a deeper dive into the company's financial health and future prospects, which can be invaluable for making informed investment decisions.
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