Guaranty Bancorp (NASDAQ:GBNK) – Stock analysts at FIG Partners issued their Q1 2018 EPS estimates for shares of Guaranty Bancorp in a note issued to investors on Thursday. FIG Partners analyst J. Rodis expects that the financial services provider will post earnings of $0.37 per share for the quarter. FIG Partners also issued estimates for Guaranty Bancorp’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.40 EPS and Q4 2018 earnings at $0.41 EPS.

Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.33%. The business had revenue of $35.84 million during the quarter, compared to analysts’ expectations of $34.99 million. COPYRIGHT VIOLATION NOTICE: “FIG Partners Weighs in on Guaranty Bancorp’s Q1 2018 Earnings (GBNK)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/07/24/fig-partners-weighs-in-on-guaranty-bancorps-q1-2018-earnings-gbnk.html.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 price objective on shares of Guaranty Bancorp in a research report on Wednesday, April 5th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday. ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. DA Davidson initiated coverage on Guaranty Bancorp in a report on Friday, June 30th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, BidaskClub downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Guaranty Bancorp presently has a consensus rating of “Buy” and an average price target of $28.90.

Guaranty Bancorp (NASDAQ:GBNK) opened at 26.65 on Monday. The company has a market cap of $744.01 million, a PE ratio of 21.65 and a beta of 0.98. Guaranty Bancorp has a 12-month low of $16.35 and a 12-month high of $28.10. The stock has a 50 day moving average of $26.36 and a 200-day moving average of $25.02.

A number of hedge funds and other institutional investors have recently made changes to their positions in GBNK. Investment Centers of America Inc. increased its position in shares of Guaranty Bancorp by 3.5% in the first quarter. Investment Centers of America Inc. now owns 25,047 shares of the financial services provider’s stock valued at $609,000 after buying an additional 850 shares during the period. United Capital Financial Advisers LLC boosted its stake in shares of Guaranty Bancorp by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 46,370 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 229 shares in the last quarter. RMB Capital Management LLC boosted its stake in shares of Guaranty Bancorp by 16.9% in the first quarter. RMB Capital Management LLC now owns 555,253 shares of the financial services provider’s stock worth $13,520,000 after buying an additional 80,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Guaranty Bancorp by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 638,189 shares of the financial services provider’s stock worth $15,540,000 after buying an additional 67,074 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Guaranty Bancorp by 7.3% in the first quarter. Geode Capital Management LLC now owns 204,446 shares of the financial services provider’s stock worth $4,978,000 after buying an additional 13,955 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Guaranty Bancorp

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.

Earnings History and Estimates for Guaranty Bancorp (NASDAQ:GBNK)

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