Shares of Guaranty Bancorp (NASDAQ:GBNK) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $28.70.
Several brokerages have commented on GBNK. Keefe, Bruyette & Woods set a $26.00 price target on shares of Guaranty Bancorp and gave the company a “buy” rating in a research note on Saturday, June 24th. DA Davidson began coverage on shares of Guaranty Bancorp in a research note on Friday, June 30th. They issued a “buy” rating and a $32.00 price target on the stock. Piper Jaffray Companies lowered shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research note on Tuesday, July 11th. BidaskClub lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 21st.
In other Guaranty Bancorp news, Director Stephen D. Joyce bought 2,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $25.79 per share, for a total transaction of $51,580.00. Following the completion of the transaction, the director now owns 62,739 shares in the company, valued at approximately $1,618,038.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael B. Hobbs sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $26.63, for a total transaction of $211,655.24. Following the transaction, the insider now owns 40,516 shares in the company, valued at $1,078,941.08. The disclosure for this sale can be found here. Insiders sold 41,451 shares of company stock worth $1,102,999 over the last quarter. 8.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancorp during the second quarter worth approximately $110,000. Legal & General Group Plc grew its position in shares of Guaranty Bancorp by 27.9% during the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,320 shares during the last quarter. Airain ltd purchased a new position in shares of Guaranty Bancorp during the second quarter worth approximately $221,000. Voya Investment Management LLC purchased a new position in shares of Guaranty Bancorp during the second quarter worth approximately $279,000. Finally, American International Group Inc. grew its position in shares of Guaranty Bancorp by 20.1% during the first quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,731 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.
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Shares of Guaranty Bancorp (NASDAQ:GBNK) traded down 1.94% on Thursday, hitting $27.85. 60,941 shares of the stock were exchanged. The stock has a market cap of $777.52 million, a PE ratio of 22.62 and a beta of 1.00. Guaranty Bancorp has a 52-week low of $17.37 and a 52-week high of $28.75. The company’s 50 day moving average is $26.82 and its 200-day moving average is $26.03.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $35.84 million for the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. Analysts predict that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.
Guaranty Bancorp Company Profile
Guaranty Bancorp is a bank holding company. The Company’s bank subsidiary is Guaranty Bank and Trust Company (the Bank). As of December 31, 2016, the Company operated 32 branches and two investment management firms, Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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