Shares of Guaranty Bancorp (NASDAQ:GBNK) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.90.
Several analysts recently issued reports on GBNK shares. BidaskClub lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded 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 reiterated a “hold” rating and set a $29.00 price objective on shares of Guaranty Bancorp in a report on Thursday, October 19th. Finally, ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
Shares of Guaranty Bancorp (GBNK) traded down $0.10 during trading on Friday, hitting $29.05. The stock had a trading volume of 154,400 shares, compared to its average volume of 127,070. The firm has a market capitalization of $828.99, a PE ratio of 19.55, a PEG ratio of 1.94 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.50. Guaranty Bancorp has a 1-year low of $20.80 and a 1-year high of $30.30.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 1.72%. Guaranty Bancorp’s dividend payout ratio is 37.59%.
In other Guaranty Bancorp news, Director W Kirk Wycoff sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $29.15, for a total transaction of $1,457,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 250,000 shares of company stock valued at $7,245,102. 8.40% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Asset Management Inc. raised its holdings in Guaranty Bancorp by 110.3% during the second quarter. TD Asset Management Inc. now owns 23,800 shares of the financial services provider’s stock valued at $647,000 after buying an additional 12,481 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Guaranty Bancorp by 26.9% in the second quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock valued at $14,479,000 after purchasing an additional 112,700 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Guaranty Bancorp by 114.2% in the second quarter. Wells Fargo & Company MN now owns 39,530 shares of the financial services provider’s stock valued at $1,075,000 after purchasing an additional 21,074 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Guaranty Bancorp by 58.2% in the second quarter. Teachers Advisors LLC now owns 41,891 shares of the financial services provider’s stock valued at $1,139,000 after purchasing an additional 15,403 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Guaranty Bancorp by 22.0% in the second quarter. Bank of New York Mellon Corp now owns 141,034 shares of the financial services provider’s stock valued at $3,836,000 after purchasing an additional 25,456 shares during the last quarter. Institutional investors own 70.22% of the company’s stock.
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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