Guaranty Bancorp Lowered to “Market Perform” at FIG Partners (GBNK)
Guaranty Bancorp (NASDAQ:GBNK) was downgraded by FIG Partners from an “outperform” rating to a “market perform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 13.56 on Friday. Guaranty Bancorp has a one year low of $7.70 and a one year high of $13.79. The stock has a 50-day moving average of $12.07 and a 200-day moving average of $11.33. The company has a market cap of $283.0 million and a P/E ratio of 24.65.
Guaranty Bancorp (NASDAQ:GBNK) last released its earnings data on Wednesday, July 17th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.05. During the same quarter in the previous year, the company posted $0.30 earnings per share. Analysts expect that Guaranty Bancorp will post $0.65 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $14.10 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Guaranty Bancorp (NASDAQ:GBNK) in a research note to investors on Tuesday, July 23rd. They set a “market perform” rating and a $13.50 price target on the stock.
Guaranty Bancorp is a bank holding company. The Company’s principal business is to serve as a holding company for its bank subsidiary, Guaranty Bank and Trust Company (NASDAQ:GBNK).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.