Wall Street analysts predict that Guaranty Bancorp (NASDAQ:GBNK) will report earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Guaranty Bancorp’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Guaranty Bancorp posted earnings of $0.34 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The company is expected to announce its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that Guaranty Bancorp will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts forecast that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.69 to $1.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Guaranty Bancorp.

Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The business had revenue of $37.46 million during the quarter, compared to the consensus estimate of $35.81 million.

A number of brokerages have issued reports on GBNK. BidaskClub cut shares of Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, ValuEngine lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.90.

In other Guaranty Bancorp news, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total value of $145,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Kirk Wycoff sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $29.15, for a total transaction of $1,457,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,000 shares of company stock worth $7,390,202. Company insiders own 8.40% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Guaranty Bancorp by 9.8% during the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after acquiring an additional 85,642 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Guaranty Bancorp during the second quarter worth $21,660,000. Dimensional Fund Advisors LP raised its holdings in shares of Guaranty Bancorp by 12.1% during the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after acquiring an additional 82,503 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Guaranty Bancorp by 26.9% during the second 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 during the period. Finally, State Street Corp raised its holdings in shares of Guaranty Bancorp by 41.7% during the second 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 during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.

Guaranty Bancorp (GBNK) opened at $28.95 on Wednesday. Guaranty Bancorp has a 52 week low of $22.90 and a 52 week high of $30.42. The stock has a market cap of $846.53, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50.

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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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