Guaranty Bancorp (NASDAQ:GBNK) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.1625 per share by the financial services provider on Friday, March 2nd. This represents a $0.65 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, February 22nd. This is a boost from Guaranty Bancorp’s previous quarterly dividend of $0.13.
Shares of Guaranty Bancorp (NASDAQ GBNK) opened at $28.55 on Friday. Guaranty Bancorp has a 52-week low of $22.90 and a 52-week high of $30.42. The stock has a market cap of $828.45, a PE ratio of 20.84, a PEG ratio of 1.51 and a beta of 0.89. 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 earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. The business had revenue of $38.36 million for the quarter, compared to analyst estimates of $37.42 million. sell-side analysts forecast that Guaranty Bancorp will post 1.88 EPS for the current year.
In related news, insider Michael B. Hobbs sold 4,770 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $27.90, for a total transaction of $133,083.00. Following the transaction, the insider now directly owns 40,524 shares in the company, valued at $1,130,619.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher G. Treece sold 4,689 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $27.91, for a total transaction of $130,869.99. Following the transaction, the chief financial officer now owns 41,744 shares in the company, valued at $1,165,075.04. The disclosure for this sale can be found here. Insiders have sold 23,780 shares of company stock worth $668,643 over the last 90 days. 8.40% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on GBNK shares. ValuEngine lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, December 29th. Finally, BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Guaranty Bancorp presently has a consensus rating of “Hold” and an average price target of $29.90.
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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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