Guaranty Bancorp (GBNK) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other analysts also recently commented on GBNK. Zacks Investment Research downgraded Guaranty Bancorp from a buy rating to a hold rating in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods restated a hold rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub downgraded Guaranty Bancorp from a hold rating to a sell rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Guaranty Bancorp currently has an average rating of Hold and a consensus target price of $29.90.

Shares of Guaranty Bancorp (NASDAQ GBNK) opened at $27.65 on Tuesday. 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 $821.68, a PE ratio of 20.79, a PEG ratio of 1.92 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.

In other Guaranty Bancorp news, Director W Kirk Wycoff sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $29.15, for a total transaction of $1,457,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 worth $7,390,202 in the last quarter. 8.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of GBNK. TD Asset Management Inc. boosted its position in Guaranty Bancorp by 110.3% during the second quarter. TD Asset Management Inc. now owns 23,800 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 12,481 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Guaranty Bancorp by 39.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 38,920 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 11,000 shares in the last quarter. Rhumbline Advisers boosted its position in Guaranty Bancorp by 28.5% during the second quarter. Rhumbline Advisers now owns 27,962 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 6,194 shares in the last quarter. SG Americas Securities LLC purchased a new position in Guaranty Bancorp during the second quarter worth approximately $110,000. Finally, Bank of New York Mellon Corp boosted its position in Guaranty Bancorp by 22.0% during the second quarter. Bank of New York Mellon Corp now owns 141,034 shares of the financial services provider’s stock worth $3,836,000 after purchasing an additional 25,456 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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