Wells Fargo & Company MN boosted its holdings in Guaranty Bancorp (NASDAQ:GBNK) by 114.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,530 shares of the financial services provider’s stock after acquiring an additional 21,074 shares during the quarter. Wells Fargo & Company MN owned 0.14% of Guaranty Bancorp worth $1,075,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank boosted its holdings in shares of Guaranty Bancorp by 0.7% in the 2nd quarter. Comerica Bank now owns 30,548 shares of the financial services provider’s stock worth $816,000 after purchasing an additional 205 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Guaranty Bancorp by 27.9% in the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,320 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Guaranty Bancorp by 20.1% in the 1st quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,731 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Guaranty Bancorp by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 48,661 shares of the financial services provider’s stock worth $1,324,000 after purchasing an additional 2,220 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Guaranty Bancorp during the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 68.27% of the company’s stock.
Guaranty Bancorp (GBNK) traded up $0.10 during midday trading on Friday, reaching $27.05. The company had a trading volume of 51,200 shares, compared to its average volume of 100,081. The stock has a market capitalization of $790.97, a P/E ratio of 18.66, a PEG ratio of 1.85 and a beta of 0.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50. Guaranty Bancorp has a 12 month low of $18.75 and a 12 month high of $30.30.
Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The business had revenue of $37.46 million for the quarter, compared to the consensus estimate of $35.81 million. Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. sell-side analysts anticipate that Guaranty Bancorp will post 1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be issued a $0.125 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. Guaranty Bancorp’s dividend payout ratio (DPR) is 37.59%.
In other news, Director W Kirk Wycoff sold 118,100 shares of Guaranty Bancorp stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $29.11, for a total value of $3,437,891.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 250,000 shares of company stock worth $7,245,102 over the last ninety days. Insiders own 8.40% of the company’s stock.
GBNK has been the subject of several research analyst reports. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, July 21st. 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 “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $29.00 price objective on shares of Guaranty Bancorp in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Guaranty Bancorp presently has an average rating of “Hold” and an average target price of $29.90.
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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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