BidaskClub downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a hold rating to a sell rating in a report released on Saturday.
A number of other analysts have also commented on GBNK. Zacks Investment Research raised Guaranty Bancorp from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Friday, October 20th. Keefe, Bruyette & Woods reissued a hold rating and set a $31.00 price target on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, ValuEngine lowered Guaranty Bancorp from a buy rating to a hold rating in a research note 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 company. The stock presently has a consensus rating of Hold and a consensus price target of $29.90.
Shares of Guaranty Bancorp (NASDAQ GBNK) opened at $28.55 on Friday. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42. The firm has a market capitalization of $834.84, a PE ratio of 20.84, a P/E/G ratio of 1.52 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 quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $37.42 million. equities analysts predict that Guaranty Bancorp will post 1.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.28%. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 22nd. Guaranty Bancorp’s dividend payout ratio (DPR) is presently 36.50%.
In other news, CEO Paul W. Taylor sold 9,321 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $27.85, for a total transaction of $259,589.85. Following the completion of the transaction, the chief executive officer now directly owns 98,696 shares in the company, valued at $2,748,683.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher G. Treece sold 4,689 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $27.91, for a total value of $130,869.99. Following the transaction, the chief financial officer now owns 41,744 shares of the company’s stock, 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 three months. Insiders own 8.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Guaranty Bancorp by 8.6% during the fourth quarter. BlackRock Inc. now owns 1,498,236 shares of the financial services provider’s stock worth $41,428,000 after acquiring an additional 118,505 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Guaranty Bancorp by 9.8% during the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after acquiring an additional 85,642 shares during the last quarter. Millennium Management LLC raised its position in shares of Guaranty Bancorp by 46.2% during the fourth quarter. Millennium Management LLC now owns 908,343 shares of the financial services provider’s stock worth $25,116,000 after acquiring an additional 287,084 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Guaranty Bancorp by 12.1% during the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after acquiring an additional 82,503 shares during the last quarter. Finally, Forest Hill Capital LLC raised its position in shares of Guaranty Bancorp by 0.7% during the fourth quarter. Forest Hill Capital LLC now owns 545,633 shares of the financial services provider’s stock worth $15,087,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 68.37% of the company’s stock.
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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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