Guaranty Bancorp (NASDAQ:GBNK) EVP Joseph E. Miltimore sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $29.26, for a total value of $64,372.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GBNK stock traded down $0.45 on Friday, reaching $28.35. 151,409 shares of the company’s stock were exchanged, compared to its average volume of 100,637. Guaranty Bancorp has a 52 week low of $23.65 and a 52 week high of $30.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $830.65, a P/E ratio of 18.53, a P/E/G ratio of 1.51 and a beta of 0.86.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a return on equity of 11.46% and a net margin of 24.18%. The firm had revenue of $38.36 million during 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.
GBNK has been the subject of several analyst reports. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, December 29th. BidaskClub raised Guaranty Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, February 11th. ValuEngine lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.90.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. purchased a new position in Guaranty Bancorp during the 4th quarter worth $162,000. Cubist Systematic Strategies LLC purchased a new position in Guaranty Bancorp during the 3rd quarter worth $221,000. Teacher Retirement System of Texas purchased a new position in Guaranty Bancorp during the 4th quarter worth $228,000. Voya Investment Management LLC purchased a new position in Guaranty Bancorp during the 2nd quarter worth $279,000. Finally, Probabilities Fund Management LLC purchased a new position in Guaranty Bancorp during the 4th quarter worth $281,000. Institutional investors own 69.98% 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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