Guaranty Bancorp (GBNK) Receives Average Recommendation of “Hold” from Analysts

Shares of Guaranty Bancorp (NASDAQ:GBNK) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.63.

Several equities analysts recently weighed in on GBNK shares. ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 price objective on shares of Guaranty Bancorp in a research report on Thursday, October 19th. Zacks Investment Research cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub cut Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of Guaranty Bancorp (GBNK) opened at $28.35 on Tuesday. Guaranty Bancorp has a 12-month low of $22.90 and a 12-month high of $30.42. The firm has a market capitalization of $828.99, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 1.76%. Guaranty Bancorp’s dividend payout ratio is presently 37.59%.

In other Guaranty Bancorp news, Director W Kirk Wycoff sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $29.15, for a total value of $1,457,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Keith Dickelman sold 5,000 shares of the company’s 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 a total of 255,000 shares of company stock valued at $7,390,202 in the last three months. 8.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Atlantic Trust Group LLC acquired a new position in Guaranty Bancorp in the 3rd quarter valued at approximately $2,163,000. Institutional & Family Asset Management LLC acquired a new position in Guaranty Bancorp in the 3rd quarter valued at approximately $285,000. California Public Employees Retirement System raised its holdings in Guaranty Bancorp by 4.5% in the 3rd quarter. California Public Employees Retirement System now owns 65,519 shares of the financial services provider’s stock valued at $1,821,000 after acquiring an additional 2,819 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Guaranty Bancorp in the 3rd quarter valued at approximately $221,000. Finally, Keeley Teton Advisors LLC raised its holdings in Guaranty Bancorp by 15.0% in the 3rd quarter. Keeley Teton Advisors LLC now owns 69,272 shares of the financial services provider’s stock valued at $1,926,000 after acquiring an additional 9,026 shares in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Guaranty Bancorp (NASDAQ:GBNK)

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