Guaranty Bancorp (NASDAQ:GBNK) EVP Michael J. Dipetro sold 2,162 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.30, for a total transaction of $61,184.60. Following the completion of the sale, the executive vice president now owns 4,419 shares in the company, valued at approximately $125,057.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Guaranty Bancorp (GBNK) traded up $0.20 during midday trading on Friday, hitting $28.45. 47,292 shares of the stock traded hands, compared to its average volume of 99,592. The company has a market capitalization of $831.91, a P/E ratio of 20.32, a PEG ratio of 1.52 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 current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.50.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $38.36 million for the quarter, compared to the consensus estimate of $37.42 million. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. equities research analysts forecast that Guaranty Bancorp will post 1.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from Guaranty Bancorp’s previous quarterly dividend of $0.13. Guaranty Bancorp’s dividend payout ratio is currently 35.71%.
A number of equities research analysts have weighed in on GBNK shares. BidaskClub cut shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 price objective on shares of Guaranty Bancorp in a report on Friday, December 22nd. Finally, ValuEngine cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $29.90.
Hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP bought a new position in shares of Guaranty Bancorp in the third quarter worth approximately $348,000. Dimensional Fund Advisors LP lifted its position in 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 valued at $21,231,000 after purchasing an additional 82,503 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Guaranty Bancorp by 148.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 96,795 shares of the financial services provider’s stock valued at $2,691,000 after purchasing an additional 57,875 shares during the period. Wells Fargo & Company MN lifted its position in Guaranty Bancorp by 114.2% during the second quarter. Wells Fargo & Company MN now owns 39,530 shares of the financial services provider’s stock valued at $1,075,000 after purchasing an additional 21,074 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Guaranty Bancorp during the third quarter valued at approximately $793,000. Hedge funds and other institutional investors own 68.37% 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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