Guaranty Bancorp (NASDAQ:GBNK) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, MarketBeat reports. They currently have a $27.00 price target on the financial services provider’s stock, up from their previous price target of $26.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 0.19% from the company’s current price.

GBNK has been the topic of a number of other reports. Hovde Group lifted their price target on shares of Guaranty Bancorp from $26.50 to $27.50 and gave the stock an “outperform” rating in a research report on Thursday, April 20th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Monday, April 24th. DA Davidson began coverage on shares of Guaranty Bancorp in a research report on Friday, June 30th. They set a “buy” rating and a $32.00 price target on the stock. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.70.

Shares of Guaranty Bancorp (NASDAQ GBNK) traded up 0.37% during mid-day trading on Thursday, reaching $26.95. 119,012 shares of the company’s stock traded hands. The firm has a market cap of $752.04 million, a price-to-earnings ratio of 23.62 and a beta of 0.98. The company’s 50 day moving average is $26.36 and its 200-day moving average is $25.02. Guaranty Bancorp has a 52 week low of $16.35 and a 52 week high of $28.10.

Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $35.84 million for the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a net margin of 21.94% and a return on equity of 10.06%. Equities analysts expect that Guaranty Bancorp will post $1.45 earnings per share for the current fiscal year.

WARNING: “Guaranty Bancorp (NASDAQ:GBNK) Cut to Market Perform at Keefe, Bruyette & Woods” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/20/guaranty-bancorp-nasdaqgbnk-cut-to-market-perform-at-keefe-bruyette-woods.html.

Several large investors have recently modified their holdings of the company. American International Group Inc. raised its stake 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 worth $252,000 after buying an additional 1,731 shares during the last quarter. TD Asset Management Inc. bought a new stake in shares of Guaranty Bancorp during the first quarter worth approximately $276,000. Nationwide Fund Advisors raised its stake 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 worth $286,000 after buying an additional 1,360 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of 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 worth $307,000 after buying an additional 1,092 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Guaranty Bancorp during the first quarter worth approximately $386,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.

Analyst Recommendations for Guaranty Bancorp (NASDAQ:GBNK)

Receive News & Ratings for Guaranty Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.