California State Teachers Retirement System raised its position in shares of Guaranty Bancorp (NASDAQ:GBNK) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 31,478 shares of the financial services provider’s stock after buying an additional 43 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Guaranty Bancorp worth $526,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Endeavour Capital Advisors Inc. acquired a new stake in Guaranty Bancorp during the first quarter worth $1,409,000. Wellington Management Group LLP raised its position in Guaranty Bancorp by 9.0% in the first quarter. Wellington Management Group LLP now owns 979,976 shares of the financial services provider’s stock worth $15,150,000 after buying an additional 80,538 shares in the last quarter. Kennedy Capital Management Inc. raised its position in Guaranty Bancorp by 6.2% in the first quarter. Kennedy Capital Management Inc. now owns 432,252 shares of the financial services provider’s stock worth $6,683,000 after buying an additional 25,379 shares in the last quarter. Bank of New York Mellon Corp raised its position in Guaranty Bancorp by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 84,212 shares of the financial services provider’s stock worth $1,407,000 after buying an additional 5,113 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Guaranty Bancorp by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 87,150 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 3,800 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors.
Guaranty Bancorp (NASDAQ:GBNK) traded down 0.06% on Friday, hitting $17.89. 26,803 shares of the company were exchanged. The stock has a 50 day moving average price of $17.96 and a 200 day moving average price of $16.81. Guaranty Bancorp has a one year low of $13.92 and a one year high of $18.88. The firm has a market cap of $380.13 million, a price-to-earnings ratio of 16.56 and a beta of 1.05.
Guaranty Bancorp (NASDAQ:GBNK) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a net margin of 22.44% and a return on equity of 10.48%. On average, equities research analysts forecast that Guaranty Bancorp will post $1.15 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd.
In related news, Director W Kirk Wycoff sold 2,662 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $18.00, for a total value of $47,916.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.93% of the stock is currently owned by corporate insiders.
About Guaranty Bancorp
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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