Shares of Guaranty Bancorp (NASDAQ:GBNK) have received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.90.
Several analysts have recently issued reports on GBNK shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $26.00 price objective on shares of Guaranty Bancorp in a research note on Friday, April 21st. 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. Piper Jaffray Companies began coverage on Guaranty Bancorp in a report on Thursday, April 13th. They issued an “overweight” rating and a $28.00 target price on the stock. Hovde Group increased their target price on Guaranty Bancorp from $26.50 to $27.50 and gave the company an “outperform” rating in a report on Thursday, April 20th. Finally, ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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Shares of Guaranty Bancorp (NASDAQ GBNK) traded down 0.93% on Friday, hitting $26.50. The stock had a trading volume of 59,504 shares. The stock has a 50 day moving average of $26.68 and a 200 day moving average of $25.17. Guaranty Bancorp has a 12-month low of $16.35 and a 12-month high of $28.10. The firm has a market cap of $739.83 million, a price-to-earnings ratio of 21.53 and a beta of 0.98.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $35.84 million for the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a return on equity of 10.33% and a net margin of 23.00%. Equities analysts predict that Guaranty Bancorp will post $1.46 earnings per share for the current fiscal year.
In related news, EVP Christopher E. Erickson sold 3,120 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $26.48, for a total value of $82,617.60. Following the transaction, the executive vice president now owns 20,931 shares of the company’s stock, valued at $554,252.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cathy P. Goss sold 3,793 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $26.82, for a total value of $101,728.26. Following the completion of the transaction, the executive vice president now directly owns 66,292 shares in the company, valued at approximately $1,777,951.44. The disclosure for this sale can be found here. Insiders sold 41,451 shares of company stock worth $1,102,999 in the last three months. 8.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancorp during the second quarter valued at about $110,000. Legal & General Group Plc raised its position in shares of Guaranty Bancorp by 27.9% in the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,320 shares during the last quarter. American International Group Inc. raised its position in shares of 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 last quarter. TD Asset Management Inc. purchased a new position in shares of Guaranty Bancorp during the first quarter valued at about $276,000. Finally, Nationwide Fund Advisors raised its position in shares of 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 last quarter. 68.70% of the stock is currently owned by institutional investors.
Guaranty Bancorp Company Profile
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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