Guaranty Bancorp (NASDAQ:GBNK) – Equities researchers at FIG Partners boosted their FY2018 earnings per share estimates for Guaranty Bancorp in a report released on Wednesday, May 23rd. FIG Partners analyst J. Rodis now anticipates that the financial services provider will earn $1.91 per share for the year, up from their prior forecast of $1.90.
A number of other research analysts have also recently commented on the stock. BidaskClub raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson cut shares of Guaranty Bancorp from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Wednesday. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, Zacks Investment Research cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.00.
NASDAQ GBNK opened at $33.05 on Thursday. Guaranty Bancorp has a 52 week low of $24.65 and a 52 week high of $34.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $969.84 million, a PE ratio of 21.80, a PEG ratio of 1.76 and a beta of 0.86.
Guaranty Bancorp (NASDAQ:GBNK) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Guaranty Bancorp had a net margin of 25.61% and a return on equity of 12.00%. The business had revenue of $39.06 million for the quarter, compared to analysts’ expectations of $39.32 million.
The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 18th were paid a $0.162 dividend. The ex-dividend date was Thursday, May 17th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.96%. Guaranty Bancorp’s dividend payout ratio (DPR) is presently 42.48%.
In related news, EVP Joseph E. Miltimore sold 2,200 shares of Guaranty Bancorp stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $29.26, for a total value of $64,372.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Dan O’brien sold 1,516 shares of Guaranty Bancorp stock in a transaction on Friday, March 16th. The stock was sold at an average price of $29.35, for a total transaction of $44,494.60. Following the completion of the sale, the executive vice president now owns 23,744 shares of the company’s stock, valued at approximately $696,886.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,552 shares of company stock valued at $451,918. Insiders own 8.40% of the company’s stock.
Several large investors have recently modified their holdings of GBNK. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Guaranty Bancorp in the fourth quarter worth $162,000. Teacher Retirement System of Texas bought a new stake in shares of Guaranty Bancorp in the fourth quarter worth $228,000. Algert Global LLC bought a new stake in shares of Guaranty Bancorp in the first quarter worth $254,000. Probabilities Fund Management LLC bought a new stake in shares of Guaranty Bancorp in the fourth quarter worth $281,000. Finally, Weil Company Inc. bought a new stake in shares of Guaranty Bancorp in the fourth quarter worth $304,000. Institutional investors and hedge funds own 71.43% of the company’s stock.
About Guaranty Bancorp
Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company accepts deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, and savings accounts, as well as certificates of deposit.
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