Wells Fargo & Company MN boosted its position in shares of Guaranty Bancorp (NASDAQ:GBNK) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,133 shares of the financial services provider’s stock after buying an additional 8,603 shares during the quarter. Wells Fargo & Company MN owned approximately 0.16% of Guaranty Bancorp worth $1,337,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc grew 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 buying an additional 1,320 shares during the period. Stifel Financial Corp grew its position in shares of Guaranty Bancorp by 10.5% in the second quarter. Stifel Financial Corp now owns 17,538 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 1,663 shares during the period. Broadview Advisors LLC grew its position in shares of Guaranty Bancorp by 0.7% in the second quarter. Broadview Advisors LLC now owns 352,417 shares of the financial services provider’s stock valued at $9,586,000 after purchasing an additional 2,400 shares during the period. Nationwide Fund Advisors grew its position in shares of Guaranty Bancorp by 21.5% in the second quarter. Nationwide Fund Advisors now owns 14,293 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 2,534 shares during the period. Finally, TD Asset Management Inc. grew its position in shares of Guaranty Bancorp by 14.3% in the third quarter. TD Asset Management Inc. now owns 27,200 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 3,400 shares during the period. Institutional investors own 70.35% of the company’s stock.
Several brokerages have recently issued reports on GBNK. Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, October 20th. BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $29.00 target price on shares of Guaranty Bancorp in a research report on Thursday, October 19th. Finally, ValuEngine lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research 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 a consensus rating of “Hold” and an average target price of $29.90.
In related news, EVP Keith Dickelman sold 5,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.40% of the company’s stock.
Guaranty Bancorp (GBNK) traded up $0.35 on Wednesday, reaching $28.25. 89,119 shares of the company were exchanged, compared to its average volume of 96,872. The firm has a market capitalization of $812.38, a price-to-earnings ratio of 20.62, a PEG ratio of 1.48 and a beta of 0.89. Guaranty Bancorp has a 52-week low of $22.90 and a 52-week high of $30.42. 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 (NASDAQ:GBNK) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $38.36 million for the quarter, compared to analyst estimates of $37.42 million. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. equities analysts anticipate that Guaranty Bancorp will post 1.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a yield of 2.30%. Guaranty Bancorp’s payout ratio is presently 36.50%.
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Guaranty Bancorp 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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