Guaranty Bancorp (GBNK) Earns Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Guaranty Bancorp (NASDAQ:GBNK) in a research report report published on Friday morning. The firm currently has a $31.00 target price on the financial services provider’s stock.

A number of other analysts also recently commented on GBNK. ValuEngine upgraded Guaranty Bancorp from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Guaranty Bancorp from a buy rating to a hold rating in a research report on Friday, September 15th. Finally, BidaskClub downgraded Guaranty Bancorp from a hold rating to a sell rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Guaranty Bancorp currently has a consensus rating of Hold and an average price target of $30.30.

Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at $28.35 on Friday. Guaranty Bancorp has a one year low of $22.90 and a one year high of $30.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $828.99, a PE ratio of 21.16, a PEG ratio of 1.96 and a beta of 0.93.

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.76%. Guaranty Bancorp’s payout ratio is currently 37.31%.

In other Guaranty Bancorp news, Director W Kirk Wycoff sold 81,900 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $28.69, for a total transaction of $2,349,711.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total value of $145,100.00. The disclosure for this sale can be found here. Insiders have sold 255,000 shares of company stock valued at $7,390,202 in the last three months. Insiders own 8.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Guaranty Bancorp in the second quarter valued at approximately $110,000. Legal & General Group Plc grew its position in Guaranty Bancorp by 27.9% in the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,320 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Guaranty Bancorp in the third quarter worth approximately $221,000. Airain ltd purchased a new position in Guaranty Bancorp in the second quarter worth approximately $221,000. Finally, Institutional & Family Asset Management LLC purchased a new position in Guaranty Bancorp in the third quarter worth approximately $285,000. 70.19% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Guaranty Bancorp (NASDAQ:GBNK)

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