Guaranty Bancorp (NASDAQ:GBNK)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $29.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 3.01% from the company’s previous close.

GBNK has been the subject of a number of other research reports. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Monday, September 18th. DA Davidson assumed coverage on Guaranty Bancorp in a research report on Friday, June 30th. They set a “buy” rating and a $32.00 price target on the stock. Piper Jaffray Companies downgraded Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Tuesday, July 11th. ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.90.

Guaranty Bancorp (NASDAQ:GBNK) traded up 1.53% on Thursday, reaching $29.90. The company had a trading volume of 193,444 shares. The company has a market capitalization of $849.22 million, a P/E ratio of 24.51 and a beta of 1.00. Guaranty Bancorp has a 52 week low of $17.46 and a 52 week high of $30.30. The stock’s 50-day moving average is $27.23 and its 200-day moving average is $26.16.

Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $37.46 million during the quarter, compared to the consensus estimate of $35.81 million. Guaranty Bancorp had a return on equity of 11.32% and a net margin of 24.17%. Equities research analysts forecast that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.

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

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Guaranty Bancorp by 9.8% in the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock valued at $26,122,000 after purchasing an additional 85,642 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Guaranty Bancorp in the second quarter valued at $21,660,000. Dimensional Fund Advisors LP boosted its stake in shares of Guaranty Bancorp by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 681,195 shares of the financial services provider’s stock worth $18,528,000 after acquiring an additional 43,006 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Guaranty Bancorp by 26.9% during the 2nd quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after acquiring an additional 112,700 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Guaranty Bancorp by 41.7% during the 2nd quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock worth $11,183,000 after acquiring an additional 120,876 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

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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