Guaranty Bancorp (NASDAQ:GBNK) has received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.70.
A number of equities analysts have recently issued reports on GBNK shares. Keefe, Bruyette & Woods set a $26.00 price objective on shares of Guaranty Bancorp and gave the company a “buy” rating in a research note on Saturday, June 24th. DA Davidson started coverage on shares of Guaranty Bancorp in a research note on Friday, June 30th. They set a “buy” rating and a $32.00 price objective on the stock. Piper Jaffray Companies downgraded shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 28.35 on Thursday. The stock has a market capitalization of $791.48 million, a price-to-earnings ratio of 23.03 and a beta of 1.00. The firm has a 50-day moving average of $26.65 and a 200 day moving average of $25.94. Guaranty Bancorp has a one year low of $17.00 and a one year high of $28.75.
Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. The firm had revenue of $35.84 million for the quarter, compared to the consensus estimate of $34.99 million. On average, equities research analysts predict that Guaranty Bancorp will post $1.46 EPS for the current year.
In other news, insider Michael B. Hobbs sold 7,948 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $26.63, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen D. Joyce acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $25.79 per share, for a total transaction of $51,580.00. Following the completion of the purchase, the director now owns 62,739 shares of the company’s stock, valued at approximately $1,618,038.81. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 41,451 shares of company stock worth $1,102,999. Insiders own 8.40% of the company’s stock.
A number of large investors have recently bought and sold shares of GBNK. Nationwide Fund Advisors lifted its position in Guaranty Bancorp by 13.1% during the first quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 1,360 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Guaranty Bancorp by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 115,578 shares of the financial services provider’s stock valued at $2,814,000 after acquiring an additional 4,420 shares during the last quarter. Comerica Bank purchased a new stake in Guaranty Bancorp during the first quarter valued at approximately $769,000. TD Asset Management Inc. purchased a new stake in Guaranty Bancorp during the first quarter valued at approximately $276,000. Finally, Stifel Financial Corp purchased a new stake in Guaranty Bancorp during the first quarter valued at approximately $386,000. 70.51% of the stock is owned by institutional investors.
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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