BidaskClub upgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a strong sell rating to a sell rating in a research report released on Thursday.
A number of other research analysts also recently issued reports on GBNK. Zacks Investment Research downgraded Guaranty Bancorp from a buy rating to a hold rating in a report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a hold rating and set a $29.00 price objective on shares of Guaranty Bancorp in a report on Thursday, October 19th. Finally, ValuEngine downgraded Guaranty Bancorp from a buy rating to a hold rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Guaranty Bancorp currently has an average rating of Hold and an average price target of $29.90.
Guaranty Bancorp (NASDAQ GBNK) traded down $0.20 during trading hours on Thursday, hitting $28.95. The company had a trading volume of 68,800 shares, compared to its average volume of 72,522. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $846.53, a P/E ratio of 21.77, a PEG ratio of 1.67 and a beta of 0.93. Guaranty Bancorp has a fifty-two week low of $22.90 and a fifty-two week high of $30.42.
Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $37.46 million for the quarter, compared to the consensus estimate of $35.81 million. Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%. research analysts anticipate that Guaranty Bancorp will post 1.46 EPS for the current year.
In related news, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total transaction of $145,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Kirk Wycoff sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total value of $1,457,500.00. The disclosure for this sale can be found here. Insiders have sold 255,000 shares of company stock valued at $7,390,202 over the last three months. Insiders own 8.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of GBNK. SG Americas Securities LLC acquired a new position in Guaranty Bancorp during the second quarter valued at approximately $110,000. Legal & General Group Plc boosted its position in 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 valued at $164,000 after purchasing an additional 1,320 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Guaranty Bancorp during the third quarter valued at approximately $221,000. Voya Investment Management LLC acquired a new position in Guaranty Bancorp during the second quarter valued at approximately $279,000. Finally, Institutional & Family Asset Management LLC acquired a new position in Guaranty Bancorp during the third quarter valued at approximately $285,000. 70.19% of the stock is owned by hedge funds and other institutional investors.
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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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