Guaranty Bancorp (NASDAQ:GBNK) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.125 per share by the financial services provider on Friday, August 25th. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, August 16th.
Guaranty Bancorp (GBNK) traded up 0.20% during mid-day trading on Friday, hitting $25.55. 116,809 shares of the stock traded hands. Guaranty Bancorp has a 52-week low of $16.35 and a 52-week high of $28.10. The firm’s 50-day moving average is $26.73 and its 200 day moving average is $25.34. The firm has a market cap of $713.30 million, a P/E ratio of 20.76 and a beta of 0.98.
Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $35.84 million for the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a return on equity of 10.23% and a net margin of 23.00%. Equities analysts predict that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.
GBNK has been the topic of several research reports. Piper Jaffray Companies cut Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $26.00 target price on shares of Guaranty Bancorp in a research report on Friday, April 21st. BidaskClub cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 21st. Finally, ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Guaranty Bancorp presently has a consensus rating of “Hold” and an average target price of $28.90.
In other news, CEO Paul W. Taylor sold 15,676 shares of Guaranty Bancorp stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $26.58, for a total transaction of $416,668.08. Following the transaction, the chief executive officer now directly owns 106,577 shares of the company’s stock, valued at approximately $2,832,816.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael B. Hobbs sold 7,948 shares of Guaranty Bancorp stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $26.63, for a total value of $211,655.24. Following the transaction, the insider now directly owns 40,516 shares in the company, valued at $1,078,941.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,451 shares of company stock worth $1,102,999. Insiders own 8.40% of the company’s stock.
Guaranty Bancorp Company Profile
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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