BidaskClub upgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a strong sell rating to a sell rating in a research note released on Monday, February 5th.
GBNK has been the topic of a number of other reports. Keefe, Bruyette & Woods restated a hold rating and issued a $29.00 target price on shares of Guaranty Bancorp in a report on Thursday, October 19th. Zacks Investment Research upgraded Guaranty Bancorp from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Friday, October 20th. Finally, ValuEngine downgraded Guaranty Bancorp from a buy rating to a hold rating in a report on Tuesday, December 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $29.90.
Shares of Guaranty Bancorp (GBNK) opened at $27.90 on Monday. 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 firm has a market capitalization of $812.38, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42.
Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a return on equity of 11.75% and a net margin of 24.18%. The firm had revenue of $38.36 million for the quarter, compared to the consensus estimate of $37.42 million. equities research analysts expect that Guaranty Bancorp will post 1.88 earnings per share for the current fiscal year.
In other Guaranty Bancorp news, EVP Keith Dickelman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total value of $145,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of GBNK. Goldman Sachs Group Inc. bought a new position in shares of Guaranty Bancorp in the second quarter worth about $21,660,000. State Street Corp increased its stake in shares of Guaranty Bancorp by 41.7% in the second quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 120,876 shares during the period. BlackRock Inc. increased its stake in shares of Guaranty Bancorp by 8.6% in the fourth quarter. BlackRock Inc. now owns 1,498,236 shares of the financial services provider’s stock worth $41,428,000 after purchasing an additional 118,505 shares during the period. Renaissance Technologies LLC increased its stake in shares of Guaranty Bancorp by 26.9% in the second quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after purchasing an additional 112,700 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Guaranty Bancorp by 9.8% in the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after purchasing an additional 85,642 shares during the period. Institutional investors and hedge funds own 70.35% of the company’s stock.
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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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