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

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

GBNK has been the topic of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 target price on shares of Guaranty Bancorp in a report on Thursday, October 19th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Monday, September 18th. Finally, ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.90.

Guaranty Bancorp (GBNK) remained flat at $$28.45 during mid-day trading on Tuesday. 63,559 shares of the stock were exchanged, compared to its average volume of 125,920. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92. Guaranty Bancorp has a 52-week low of $22.00 and a 52-week high of $30.42. The stock has a market capitalization of $840.68, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.93.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The firm had revenue of $37.46 million during the quarter, compared to the consensus estimate of $35.81 million. analysts anticipate that Guaranty Bancorp will post 1.46 earnings per share for the current fiscal year.

In related news, EVP Keith Dickelman sold 5,000 shares of Guaranty Bancorp stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total transaction of $145,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Kirk Wycoff sold 50,000 shares of Guaranty Bancorp stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total transaction of $1,457,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 255,000 shares of company stock worth $7,390,202 over the last ninety days. 8.40% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Guaranty Bancorp by 9.5% during the 1st quarter. Vanguard Group Inc. now owns 874,734 shares of the financial services provider’s stock worth $21,300,000 after acquiring an additional 75,617 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Guaranty Bancorp by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 638,189 shares of the financial services provider’s stock worth $15,540,000 after acquiring an additional 67,074 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Guaranty Bancorp during the 2nd quarter worth approximately $716,000. TD Asset Management Inc. grew its holdings in Guaranty Bancorp by 110.3% during the 2nd quarter. TD Asset Management Inc. now owns 23,800 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 12,481 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Guaranty Bancorp by 39.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,920 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 11,000 shares during the last quarter. 70.22% of the stock is currently owned by institutional investors.

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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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