Zacks Investment Research cut shares of Guaranty Bancorp (NASDAQ:GBNK) from a buy rating to a hold rating in a research report released on Tuesday, December 19th.
According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “
A number of other analysts have also recently weighed in on the stock. ValuEngine raised shares of Guaranty Bancorp from a hold rating to a buy rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $29.00 price target on shares of Guaranty Bancorp in a research report on Thursday, October 19th. Finally, BidaskClub cut shares of Guaranty Bancorp from a hold rating to a sell rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Guaranty Bancorp presently has a consensus rating of Hold and a consensus target price of $29.90.
Shares of Guaranty Bancorp (NASDAQ GBNK) traded up $0.45 during midday trading on Tuesday, hitting $28.50. 85,200 shares of the stock traded hands, compared to its average volume of 74,429. Guaranty Bancorp has a one year low of $22.90 and a one year high of $30.42. The stock has a market cap of $820.22, a PE ratio of 21.27, a PEG ratio of 1.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The company had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $35.81 million. sell-side analysts forecast that Guaranty Bancorp will post 1.46 earnings per share for the current fiscal year.
In other Guaranty Bancorp news, Director W Kirk Wycoff sold 50,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total value of $1,457,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Keith Dickelman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total transaction of $145,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,000 shares of company stock valued at $7,390,202. 8.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of GBNK. SG Americas Securities LLC acquired a new stake in shares of Guaranty Bancorp in the 2nd quarter valued at about $110,000. Legal & General Group Plc raised its stake 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 valued at $164,000 after purchasing an additional 1,320 shares in the last quarter. Airain ltd acquired a new stake in shares of Guaranty Bancorp in the 2nd quarter valued at about $221,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Guaranty Bancorp in the 3rd quarter valued at about $221,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Guaranty Bancorp in the 2nd quarter valued at about $279,000. 70.19% of the stock is owned by institutional investors.
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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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