Guaranty Bancorp (GBNK) Director Sells $1,457,500.00 in Stock
Guaranty Bancorp (NASDAQ:GBNK) Director W Kirk Wycoff sold 50,000 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total value of $1,457,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
W Kirk Wycoff also recently made the following trade(s):
- On Thursday, October 26th, W Kirk Wycoff sold 118,100 shares of Guaranty Bancorp stock. The shares were sold at an average price of $29.11, for a total value of $3,437,891.00.
Shares of Guaranty Bancorp (NASDAQ GBNK) traded up 0.34% during trading on Thursday, reaching $29.10. The company’s stock had a trading volume of 96,597 shares. Guaranty Bancorp has a one year low of $18.10 and a one year high of $30.30. The firm’s 50-day moving average price is $27.47 and its 200-day moving average price is $26.28. The company has a market capitalization of $812.41 million, a price-to-earnings ratio of 23.64 and a beta of 1.00.
Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $35.81 million. Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.32%. On average, equities analysts anticipate that Guaranty Bancorp will post $1.46 earnings per share for the current year.
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Several brokerages have weighed in on GBNK. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 price objective on shares of Guaranty Bancorp in a report on Thursday, October 19th. ValuEngine raised Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies lowered Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Guaranty Bancorp has a consensus rating of “Hold” and an average target price of $29.90.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Guaranty Bancorp during the 2nd quarter valued at $110,000. Legal & General Group Plc raised its stake in Guaranty Bancorp by 27.9% during the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,320 shares during the last quarter. Airain ltd purchased a new stake in Guaranty Bancorp during the 2nd quarter valued at $221,000. American International Group Inc. raised its stake in Guaranty Bancorp by 20.1% during the 1st quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,731 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in Guaranty Bancorp during the 2nd quarter valued at $279,000. Institutional investors and hedge funds own 70.51% 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.
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