Guaranty Bancorp (GBNK) Scheduled to Post Quarterly Earnings on Wednesday
Guaranty Bancorp (NASDAQ:GBNK) will be releasing its earnings data on Wednesday, October 12th. Analysts expect Guaranty Bancorp to post earnings of $0.30 per share for the quarter.
Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a return on equity of 10.48% and a net margin of 22.44%. On average, analysts expect Guaranty Bancorp to post $1.15 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.
Guaranty Bancorp (NASDAQ:GBNK) opened at 17.89 on Tuesday. The stock has a market cap of $380.13 million, a PE ratio of 16.56 and a beta of 1.05. Guaranty Bancorp has a 12-month low of $13.92 and a 12-month high of $18.88. The firm has a 50 day moving average of $17.95 and a 200-day moving average of $16.85.
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In related news, Director W Kirk Wycoff sold 57,627 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.07, for a total transaction of $1,041,319.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.93% of the company’s stock.
Large investors have recently made changes to their positions in the company. Panagora Asset Management Inc. increased its stake in shares of Guaranty Bancorp by 9.0% in the second quarter. Panagora Asset Management Inc. now owns 179,656 shares of the financial services provider’s stock valued at $3,000,000 after buying an additional 14,824 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in Guaranty Bancorp during the second quarter valued at approximately $1,189,000. FJ Capital Management LLC boosted its position in Guaranty Bancorp by 227.9% in the second quarter. FJ Capital Management LLC now owns 423,000 shares of the financial services provider’s stock valued at $7,065,000 after buying an additional 294,000 shares during the period. Banc Funds Co. LLC boosted its position in Guaranty Bancorp by 15.1% in the second quarter. Banc Funds Co. LLC now owns 162,259 shares of the financial services provider’s stock valued at $2,710,000 after buying an additional 21,317 shares during the period. Finally, State Street Corp boosted its position in Guaranty Bancorp by 4.7% in the second quarter. State Street Corp now owns 236,013 shares of the financial services provider’s stock valued at $3,941,000 after buying an additional 10,536 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st.
About Guaranty Bancorp
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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