Guaranty Bancorp (GBNK) Rating Lowered to Sell at BidaskClub

Guaranty Bancorp (NASDAQ:GBNK) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, August 8th.

A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Monday, April 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $26.00 price objective on shares of Guaranty Bancorp in a report on Friday, April 21st. DA Davidson initiated coverage on shares of Guaranty Bancorp in a report on Friday, June 30th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Piper Jaffray Companies lowered shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Guaranty Bancorp presently has an average rating of “Hold” and a consensus price target of $28.90.

Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up 0.20% during midday trading on Tuesday, hitting $25.55. The stock had a trading volume of 116,809 shares. The firm has a 50-day moving average price of $26.73 and a 200-day moving average price of $25.34. The firm has a market cap of $713.30 million, a price-to-earnings ratio of 20.76 and a beta of 0.98. Guaranty Bancorp has a 1-year low of $16.35 and a 1-year high of $28.10.

Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $35.84 million during the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. On average, equities analysts anticipate that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.

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In other Guaranty Bancorp news, Director Stephen D. Joyce acquired 2,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $25.79 per share, for a total transaction of $51,580.00. Following the purchase, the director now directly owns 62,739 shares of the company’s stock, valued at $1,618,038.81. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Paul W. Taylor sold 15,676 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $26.58, for a total transaction of $416,668.08. Following the completion of the transaction, the chief executive officer now owns 106,577 shares in the company, valued at approximately $2,832,816.66. The disclosure for this sale can be found here. Insiders sold a total of 41,451 shares of company stock valued at $1,102,999 over the last 90 days. Company insiders own 8.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Guaranty Bancorp by 8.3% in the fourth quarter. State Street Corp now owns 263,191 shares of the financial services provider’s stock worth $6,371,000 after buying an additional 20,114 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Guaranty Bancorp by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,115 shares of the financial services provider’s stock worth $13,821,000 after buying an additional 70,127 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Guaranty Bancorp by 9.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,693 shares of the financial services provider’s stock worth $307,000 after buying an additional 1,092 shares during the last quarter. Teachers Advisors LLC boosted its stake in Guaranty Bancorp by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 25,477 shares of the financial services provider’s stock worth $617,000 after buying an additional 3,064 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Guaranty Bancorp by 13.1% in the first quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock worth $286,000 after buying an additional 1,360 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.

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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