Zacks: Guaranty Bancorp (NASDAQ:GBNK) Given $20.00 Consensus Target Price by Analysts
Guaranty Bancorp (NASDAQ:GBNK) has received an average broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus target price of $20.00 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Guaranty Bancorp an industry rank of 112 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Guaranty Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 27th.
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In other news, Director W Kirk Wycoff sold 41,609 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $18.01, for a total transaction of $749,378.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.93% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GBNK. BlackRock Advisors LLC boosted its stake in shares of Guaranty Bancorp by 2.4% in the second quarter. BlackRock Advisors LLC now owns 7,533 shares of the financial services provider’s stock worth $126,000 after buying an additional 173 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Guaranty Bancorp by 0.4% in the second quarter. Victory Capital Management Inc. now owns 52,345 shares of the financial services provider’s stock worth $874,000 after buying an additional 200 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Guaranty Bancorp by 9.0% in the second quarter. Teachers Advisors Inc. now owns 22,413 shares of the financial services provider’s stock worth $374,000 after buying an additional 1,860 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Guaranty Bancorp by 2.1% in the first quarter. Geode Capital Management LLC now owns 140,320 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 2,946 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Guaranty Bancorp by 2.6% in the second quarter. Alliancebernstein L.P. now owns 132,192 shares of the financial services provider’s stock worth $2,208,000 after buying an additional 3,403 shares during the last quarter. 85.84% of the stock is owned by institutional investors.
Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up 0.252% during mid-day trading on Monday, reaching $17.935. 2,200 shares of the company traded hands. Guaranty Bancorp has a 52-week low of $13.92 and a 52-week high of $18.88. The firm’s 50 day moving average price is $17.96 and its 200-day moving average price is $16.81. The company has a market capitalization of $381.08 million, a P/E ratio of 16.606 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 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a net margin of 22.44% and a return on equity of 10.48%. Equities analysts predict 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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