Guaranty Bancorp (NASDAQ:GBNK) – FIG Partners lifted their FY2018 earnings per share estimates for shares of Guaranty Bancorp in a research report issued to clients and investors on Thursday. FIG Partners analyst J. Rodis now forecasts that the financial services provider will post earnings of $1.87 per share for the year, up from their prior estimate of $1.80.
A number of other analysts have also recently weighed in on GBNK. Keefe, Bruyette & Woods restated a “hold” rating and issued a $29.00 price target on shares of Guaranty Bancorp in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, October 20th. BidaskClub cut shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine cut 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 issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.90.
Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. The business had revenue of $38.36 million for the quarter, compared to analysts’ expectations of $37.42 million.
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Guaranty Bancorp by 27.9% in the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,320 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Guaranty Bancorp in the 3rd quarter valued at approximately $221,000. Voya Investment Management LLC purchased a new position in shares of Guaranty Bancorp in the 2nd quarter valued at approximately $279,000. Institutional & Family Asset Management LLC purchased a new position in shares of Guaranty Bancorp in the 3rd quarter valued at approximately $285,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Guaranty Bancorp in the 2nd quarter valued at approximately $333,000. 70.22% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Keith Dickelman sold 5,000 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. 8.40% of the stock is currently owned by company insiders.
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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