Guaranty Bancorp (NASDAQ:GBNK) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.63.

GBNK has been the topic of several research analyst reports. ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st. DA Davidson initiated coverage on Guaranty Bancorp in a research note on Friday, June 30th. They issued a “buy” rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods set a $26.00 price objective on Guaranty Bancorp and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, BidaskClub lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

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Shares of Guaranty Bancorp (NASDAQ GBNK) opened at 25.75 on Friday. The firm has a 50-day moving average price of $25.95 and a 200-day moving average price of $25.48. Guaranty Bancorp has a 12-month low of $16.95 and a 12-month high of $28.10. The firm has a market cap of $718.89 million, a price-to-earnings ratio of 20.92 and a beta of 0.98.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $35.84 million for the quarter, compared to analyst estimates of $34.99 million. Guaranty Bancorp had a return on equity of 10.23% and a net margin of 23.00%. Equities research analysts anticipate that Guaranty Bancorp will post $1.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 18th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. Guaranty Bancorp’s dividend payout ratio (DPR) is currently 40.98%.

In related news, Director Stephen D. Joyce purchased 2,000 shares of Guaranty Bancorp stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $25.79 per share, with a total value of $51,580.00. Following the completion of the transaction, the director now directly owns 62,739 shares of the company’s stock, valued at approximately $1,618,038.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul W. Taylor sold 15,676 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $26.58, for a total value of $416,668.08. Following the sale, the chief executive officer now directly owns 106,577 shares in the company, valued at approximately $2,832,816.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,451 shares of company stock worth $1,102,999. 8.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Comerica Bank grew its position in Guaranty Bancorp by 0.7% during the second quarter. Comerica Bank now owns 30,548 shares of the financial services provider’s stock worth $816,000 after buying an additional 205 shares in the last quarter. United Capital Financial Advisers LLC grew its position in Guaranty Bancorp by 0.5% during 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. Investment Centers of America Inc. grew its position in Guaranty Bancorp by 3.5% during the first quarter. Investment Centers of America Inc. now owns 25,047 shares of the financial services provider’s stock worth $609,000 after buying an additional 850 shares in the last quarter. Foresters Investment Management Company Inc. grew its position in Guaranty Bancorp by 0.8% during the first quarter. Foresters Investment Management Company Inc. now owns 120,500 shares of the financial services provider’s stock worth $2,934,000 after buying an additional 1,000 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Guaranty Bancorp by 27.9% during the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,320 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Guaranty Bancorp (NASDAQ:GBNK)

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