Guaranty Bancorp (NASDAQ:GBNK) - Equities researchers at DA Davidson increased their Q3 2017 EPS estimates for Guaranty Bancorp in a research report issued to clients and investors on Thursday. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.36. DA Davidson currently has a “Buy” rating and a $32.00 target price on the stock. DA Davidson also issued estimates for Guaranty Bancorp’s FY2018 earnings at $1.64 EPS.
Guaranty Bancorp (NASDAQ:GBNK) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $35.84 million for the quarter, compared to analyst estimates of $34.99 million. Guaranty Bancorp had a return on equity of 10.33% and a net margin of 23.00%.
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GBNK has been the topic of a number of other research reports. Hovde Group boosted their price objective on Guaranty Bancorp from $26.50 to $27.50 and gave the stock an “outperform” rating in a research note on Thursday, April 20th. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Monday, April 24th. Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 price objective on shares of Guaranty Bancorp in a research note on Wednesday, April 5th. ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Guaranty Bancorp has a consensus rating of “Buy” and a consensus price target of $28.90.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 26.70 on Monday. The firm has a 50-day moving average price of $26.41 and a 200-day moving average price of $25.06. The firm has a market cap of $745.41 million, a price-to-earnings ratio of 21.69 and a beta of 0.98. Guaranty Bancorp has a 52-week low of $16.35 and a 52-week high of $28.10.
Several hedge funds and other institutional investors have recently modified their holdings of GBNK. American International Group Inc. boosted its position in Guaranty Bancorp by 20.1% in the first quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,731 shares during the period. TD Asset Management Inc. acquired a new position in Guaranty Bancorp during the first quarter valued at approximately $276,000. Nationwide Fund Advisors boosted its position 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. Metropolitan Life Insurance Co. NY boosted its position 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. Finally, Stifel Financial Corp acquired a new position in Guaranty Bancorp during the first quarter valued at approximately $386,000. Institutional investors own 69.11% of the company’s stock.
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.
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