Guaranty Bancorp (GBNK) to Release Earnings on Wednesday
Guaranty Bancorp (NASDAQ:GBNK) is scheduled to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect Guaranty Bancorp to post earnings of $0.37 per share for the quarter.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $35.84 million during the quarter, compared to the consensus estimate of $34.99 million. Guaranty Bancorp had a return on equity of 10.23% and a net margin of 23.00%. On average, analysts expect Guaranty Bancorp to post $1.46 EPS for the current fiscal year and $1.63 EPS for the next fiscal year.
Shares of Guaranty Bancorp (GBNK) opened at 28.35 on Wednesday. The stock has a market capitalization of $791.48 million, a P/E ratio of 23.03 and a beta of 1.00. The company has a 50-day moving average price of $26.57 and a 200 day moving average price of $25.92. Guaranty Bancorp has a 52 week low of $17.00 and a 52 week high of $28.75.
In other news, Director Stephen D. Joyce acquired 2,000 shares of Guaranty Bancorp stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost 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 $1,618,038.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cathy P. Goss sold 3,793 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $26.82, for a total value of $101,728.26. Following the transaction, the executive vice president now directly owns 66,292 shares of the company’s stock, valued at $1,777,951.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,451 shares of company stock valued at $1,102,999. Insiders own 8.40% of the company’s stock.
A number of research firms have issued reports on GBNK. Piper Jaffray Companies cut Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods cut Guaranty Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $26.00 to $27.00 in a research note on Thursday, July 20th. BidaskClub cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, July 21st. Finally, DA Davidson began coverage on Guaranty Bancorp in a research note on Friday, June 30th. They issued a “buy” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.70.
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.
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