Analysts expect that Guaranty Bancorp (NASDAQ:GBNK) will announce $42.36 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Guaranty Bancorp’s earnings, with estimates ranging from $41.62 million to $43.10 million. Guaranty Bancorp reported sales of $38.36 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The business is expected to report its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that Guaranty Bancorp will report full-year sales of $163.83 million for the current financial year, with estimates ranging from $161.96 million to $165.70 million. For the next financial year, analysts expect that the company will post sales of $176.34 million, with estimates ranging from $171.98 million to $180.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Guaranty Bancorp.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $41.06 million during the quarter, compared to analysts’ expectations of $41.31 million. Guaranty Bancorp had a net margin of 28.50% and a return on equity of 13.05%.
Several research analysts have commented on GBNK shares. BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. ValuEngine lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Zacks Investment Research lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $32.50 price objective on shares of Guaranty Bancorp in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Guaranty Bancorp presently has an average rating of “Hold” and a consensus target price of $34.63.
Shares of GBNK opened at $23.54 on Friday. The firm has a market cap of $702.65 million, a price-to-earnings ratio of 15.39, a PEG ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.95. Guaranty Bancorp has a twelve month low of $23.09 and a twelve month high of $35.20.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th were issued a $0.1625 dividend. The ex-dividend date was Wednesday, November 7th. This represents a $0.65 annualized dividend and a yield of 2.76%. Guaranty Bancorp’s dividend payout ratio (DPR) is presently 42.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Guaranty Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,133,616 shares of the financial services provider’s stock worth $33,668,000 after acquiring an additional 6,492 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Guaranty Bancorp by 5.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 58,864 shares of the financial services provider’s stock worth $1,748,000 after acquiring an additional 3,203 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Guaranty Bancorp by 5.9% in the 3rd quarter. Teachers Advisors LLC now owns 51,622 shares of the financial services provider’s stock worth $1,533,000 after acquiring an additional 2,863 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Guaranty Bancorp by 205.7% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 99,353 shares of the financial services provider’s stock worth $2,951,000 after acquiring an additional 66,853 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its stake in shares of Guaranty Bancorp by 5.4% in the 3rd quarter. IndexIQ Advisors LLC now owns 76,921 shares of the financial services provider’s stock worth $2,285,000 after acquiring an additional 3,920 shares in the last quarter. Institutional investors and hedge funds own 72.80% 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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