Guaranty Bancorp (NASDAQ:GBNK) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. Guaranty Bancorp’s rating score has declined by 12.8% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $20.00 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned Guaranty Bancorp an industry rank of 109 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Guaranty Bancorp from a “sell” rating to a “hold” rating in a report on Monday, September 26th.
In other news, Director W Kirk Wycoff sold 57,627 shares of Guaranty Bancorp stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.07, for a total value of $1,041,319.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 31.93% of the company’s stock.
Several hedge funds have recently bought and sold shares of GBNK. Panagora Asset Management Inc. increased its stake in Guaranty Bancorp by 9.0% in the second quarter. Panagora Asset Management Inc. now owns 179,656 shares of the financial services provider’s stock worth $3,000,000 after buying an additional 14,824 shares during the period. Castine Capital Management LLC acquired a new stake in Guaranty Bancorp during the second quarter worth about $2,543,000. Ranger Investment Management L.P. acquired a new stake in Guaranty Bancorp during the second quarter worth about $1,189,000. FJ Capital Management LLC increased its stake in Guaranty Bancorp by 227.9% in the second quarter. FJ Capital Management LLC now owns 423,000 shares of the financial services provider’s stock worth $7,065,000 after buying an additional 294,000 shares during the period. Finally, Banc Funds Co. LLC increased its stake in Guaranty Bancorp by 15.1% in the second quarter. Banc Funds Co. LLC now owns 162,259 shares of the financial services provider’s stock worth $2,710,000 after buying an additional 21,317 shares during the period. Institutional investors own 85.84% of the company’s stock.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 17.47 on Monday. The company’s 50 day moving average is $17.88 and its 200 day moving average is $16.88. Guaranty Bancorp has a 12-month low of $13.92 and a 12-month high of $18.88. The company has a market capitalization of $371.20 million, a P/E ratio of 16.18 and a beta of 1.05.
Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a return on equity of 10.48% and a net margin of 22.44%. Analysts expect that Guaranty Bancorp will post $1.15 earnings per share for the current fiscal year.
Guaranty Bancorp Company Profile
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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