BidaskClub downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a sell rating to a strong sell rating in a research report report published on Thursday.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Guaranty Bancorp from a hold rating to a buy rating and set a $29.00 target price for the company in a research note on Monday, September 18th. ValuEngine cut shares of Guaranty Bancorp from a buy rating to a hold rating in a research note on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $29.90.
Guaranty Bancorp (GBNK) traded up $0.25 during trading hours on Thursday, hitting $27.95. 59,000 shares of the company traded hands, compared to its average volume of 84,925. Guaranty Bancorp has a twelve month low of $22.90 and a twelve month 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 $817.29, a PE ratio of 21.02, a PEG ratio of 1.62 and a beta of 0.93.
In other Guaranty Bancorp news, EVP Keith Dickelman sold 5,000 shares of Guaranty Bancorp stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total transaction of $145,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Kirk Wycoff sold 50,000 shares of Guaranty Bancorp stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 255,000 shares of company stock valued at $7,390,202 over the last three months. 8.40% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Guaranty Bancorp during the second quarter worth $110,000. Legal & General Group Plc boosted its position in Guaranty Bancorp by 27.9% during the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,320 shares during the period. Airain ltd bought a new position in Guaranty Bancorp during the second quarter worth $221,000. Cubist Systematic Strategies LLC bought a new position in Guaranty Bancorp during the third quarter worth $221,000. Finally, Voya Investment Management LLC bought a new position in Guaranty Bancorp during the second quarter worth $279,000. 70.19% of the stock is owned by hedge funds and other 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.
Receive News & Ratings for Guaranty Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.