Insider Buying: Guaranty Bancorp (GBNK) Director Buys 2,000 Shares of Stock

Guaranty Bancorp (NASDAQ:GBNK) Director Stephen D. Joyce bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $25.79 per share, with a total value of $51,580.00. Following the transaction, the director now directly owns 62,739 shares of the company’s stock, valued at $1,618,038.81. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Guaranty Bancorp (NASDAQ:GBNK) traded down 1.35% on Thursday, hitting $25.60. 85,694 shares of the company’s stock were exchanged. The company has a market cap of $714.70 million, a PE ratio of 20.80 and a beta of 0.98. Guaranty Bancorp has a 12-month low of $16.35 and a 12-month high of $28.10. The company’s 50-day moving average price is $26.78 and its 200-day moving average price is $25.27.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. The firm had revenue of $35.84 million during the quarter, compared to the consensus estimate of $34.99 million. Analysts forecast that Guaranty Bancorp will post $1.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 18th will be given a $0.125 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.50 annualized dividend and a yield of 1.95%. Guaranty Bancorp’s dividend payout ratio (DPR) is 40.98%.

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A number of hedge funds have recently added to or reduced their stakes in GBNK. State Street Corp increased its stake in Guaranty Bancorp by 8.3% in the fourth quarter. State Street Corp now owns 263,191 shares of the financial services provider’s stock valued at $6,371,000 after buying an additional 20,114 shares during the period. Dimensional Fund Advisors LP increased its stake in Guaranty Bancorp by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,115 shares of the financial services provider’s stock valued at $13,821,000 after buying an additional 70,127 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Guaranty Bancorp by 9.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,693 shares of the financial services provider’s stock valued at $307,000 after buying an additional 1,092 shares during the period. Teachers Advisors LLC increased its stake in Guaranty Bancorp by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 25,477 shares of the financial services provider’s stock valued at $617,000 after buying an additional 3,064 shares during the period. Finally, Nationwide Fund Advisors increased its stake in Guaranty Bancorp by 13.1% in the first quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock valued at $286,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 69.32% of the company’s stock.

A number of equities research analysts recently commented on GBNK shares. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, July 21st. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $26.00 target price on shares of Guaranty Bancorp in a research report on Friday, April 21st. DA Davidson started coverage on shares of Guaranty Bancorp in a research report on Friday, June 30th. They set a “buy” rating and a $32.00 target price for the company. Finally, BidaskClub cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.90.

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.

Insider Buying and Selling by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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