Guaranty Bancorp (GBNK) Downgraded by BidaskClub to “Sell”

Guaranty Bancorp (NASDAQ:GBNK) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other equities research analysts have also recently issued reports on GBNK. Zacks Investment Research cut shares of Guaranty Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. ValuEngine cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Finally, DA Davidson cut shares of Guaranty Bancorp from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Guaranty Bancorp presently has an average rating of “Hold” and an average price target of $31.75.

Guaranty Bancorp opened at $30.70 on Wednesday, MarketBeat Ratings reports. The stock has a market capitalization of $925.89 million, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.93 and a quick ratio of 0.93. Guaranty Bancorp has a 1 year low of $24.70 and a 1 year high of $35.20.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $39.06 million during the quarter, compared to analysts’ expectations of $39.32 million. Guaranty Bancorp had a net margin of 25.61% and a return on equity of 12.00%. research analysts expect that Guaranty Bancorp will post 1.88 earnings per share for the current fiscal year.

In other news, EVP Keith Dickelman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $29.40, for a total value of $58,800.00. Following the completion of the sale, the executive vice president now owns 25,512 shares in the company, valued at approximately $750,052.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick Dan O’brien sold 1,516 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $28.84, for a total transaction of $43,721.44. Following the completion of the sale, the executive vice president now owns 21,748 shares of the company’s stock, valued at approximately $627,212.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,336 shares of company stock valued at $126,301. 13.30% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of Guaranty Bancorp by 5.0% in the 1st quarter. Swiss National Bank now owns 42,200 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 2,000 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Guaranty Bancorp by 2.5% in the 4th quarter. Deutsche Bank AG now owns 129,238 shares of the financial services provider’s stock valued at $3,573,000 after purchasing an additional 3,128 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Guaranty Bancorp by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 50,750 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 3,722 shares in the last quarter. Forest Hill Capital LLC raised its holdings in shares of Guaranty Bancorp by 0.7% in the 4th quarter. Forest Hill Capital LLC now owns 545,633 shares of the financial services provider’s stock valued at $15,087,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Guaranty Bancorp in the 4th quarter valued at about $162,000. Institutional investors and hedge funds own 71.55% 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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