Guaranty Bancorp (NASDAQ:GBNK) released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01), MarketWatch Earnings reports. Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.32%. The firm had revenue of $37.46 million for the quarter, compared to analyst estimates of $35.81 million.
Guaranty Bancorp (NASDAQ GBNK) traded down 0.17% during trading on Friday, reaching $29.05. The company’s stock had a trading volume of 103,497 shares. The firm has a market cap of $811.02 million, a PE ratio of 23.60 and a beta of 1.00. Guaranty Bancorp has a one year low of $18.10 and a one year high of $30.30. The company has a 50-day moving average of $27.47 and a 200 day moving average of $26.28.
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In other news, EVP Cathy P. Goss sold 4,225 shares of Guaranty Bancorp stock in a transaction on Monday, July 31st. The shares were sold at an average price of $26.55, for a total transaction of $112,173.75. Following the transaction, the executive vice president now owns 66,292 shares in the company, valued at approximately $1,760,052.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen D. Joyce acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $25.79 per share, for a total transaction of $51,580.00. Following the completion of the transaction, the director now directly owns 62,739 shares in the company, valued at $1,618,038.81. The disclosure for this purchase can be found here. Insiders have sold a total of 175,445 shares of company stock worth $5,090,182 in the last quarter. Corporate insiders own 8.40% of the company’s stock.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $29.00 target price on shares of Guaranty Bancorp in a research report on Thursday, October 19th. ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies lowered Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.90.
About Guaranty Bancorp
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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