Guaranty Bancorp (NASDAQ:GBNK) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01, Bloomberg Earnings reports. The company had revenue of $39.06 million for the quarter, compared to the consensus estimate of $39.32 million. Guaranty Bancorp had a net margin of 25.61% and a return on equity of 12.22%.
GBNK opened at $29.45 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 0.94. Guaranty Bancorp has a 1-year low of $24.05 and a 1-year high of $30.42. The company has a market capitalization of $835.04, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86.
In other Guaranty Bancorp news, EVP Patrick Dan O’brien sold 1,516 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $29.35, for a total value of $44,494.60. Following the transaction, the executive vice president now directly owns 23,744 shares in the company, valued at $696,886.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul W. Taylor sold 9,321 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 98,696 shares of the company’s stock, valued at $2,748,683.60. The disclosure for this sale can be found here. Insiders sold 32,158 shares of company stock worth $910,344 over the last quarter. Insiders own 8.40% of the company’s stock.
A number of brokerages recently weighed in on GBNK. BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $31.00 price objective on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of Guaranty Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus 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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