$37.42 Million in Sales Expected for Guaranty Bancorp (GBNK) This Quarter

Brokerages predict that Guaranty Bancorp (NASDAQ:GBNK) will report $37.42 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Guaranty Bancorp’s earnings, with the highest sales estimate coming in at $38.04 million and the lowest estimate coming in at $36.80 million. Guaranty Bancorp posted sales of $34.05 million during the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Guaranty Bancorp will report full year sales of $37.42 million for the current fiscal year, with estimates ranging from $144.70 million to $145.92 million. For the next year, analysts anticipate that the company will report sales of $159.48 million per share, with estimates ranging from $158.20 million to $160.76 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Guaranty Bancorp.

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

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 target price on shares of Guaranty Bancorp in a research report on Thursday, October 19th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, December 29th. BidaskClub cut Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 4th. Finally, ValuEngine cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.90.

Shares of Guaranty Bancorp (GBNK) traded down $0.30 during midday trading on Friday, hitting $29.00. The company had a trading volume of 109,700 shares, compared to its average volume of 86,000. The firm has a market cap of $848.00, a PE ratio of 21.64, a PEG ratio of 1.69 and a beta of 0.93. 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 $22.90 and a 1 year high of $30.42.

In other Guaranty Bancorp news, Director W Kirk Wycoff sold 118,100 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $29.11, for a total transaction of $3,437,891.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith Dickelman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total value of $145,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,000 shares of company stock valued at $7,390,202. 8.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of GBNK. Schwab Charles Investment Management Inc. raised its stake in Guaranty Bancorp by 39.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,920 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 11,000 shares during the last quarter. Rhumbline Advisers raised its stake in Guaranty Bancorp by 28.5% during the 2nd quarter. Rhumbline Advisers now owns 27,962 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 6,194 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancorp during the 2nd quarter worth approximately $110,000. Bank of New York Mellon Corp raised its stake in shares of Guaranty Bancorp by 22.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 141,034 shares of the financial services provider’s stock worth $3,836,000 after buying an additional 25,456 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of 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 worth $164,000 after buying an additional 1,320 shares in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

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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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