Guaranty Bancorp (GBNK) Expected to Post Quarterly Sales of $39.32 Million

Equities research analysts expect Guaranty Bancorp (NASDAQ:GBNK) to announce $39.32 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Guaranty Bancorp’s earnings, with the lowest sales estimate coming in at $39.24 million and the highest estimate coming in at $39.40 million. Guaranty Bancorp posted sales of $34.57 million in the same quarter last year, which suggests a positive year over year growth rate of 13.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Guaranty Bancorp will report full-year sales of $39.32 million for the current fiscal year, with estimates ranging from $161.43 million to $163.50 million. For the next financial year, analysts anticipate that the business will report sales of $173.84 million per share, with estimates ranging from $171.17 million to $176.50 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Guaranty Bancorp.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $38.36 million during the quarter, compared to analysts’ expectations of $37.42 million. Guaranty Bancorp had a return on equity of 11.75% and a net margin of 24.18%.

Several research analysts have issued reports on the company. BidaskClub lowered Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reiterated 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 Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, December 29th. Finally, ValuEngine lowered 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’s stock. Guaranty Bancorp has a consensus rating of “Hold” and a consensus target price of $29.90.

In other Guaranty Bancorp news, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total value of $145,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Guaranty Bancorp by 9.8% in the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock valued at $26,122,000 after purchasing an additional 85,642 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Guaranty Bancorp in the second quarter valued at approximately $21,660,000. Dimensional Fund Advisors LP lifted its holdings in shares of Guaranty Bancorp by 12.1% in the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock valued at $21,231,000 after purchasing an additional 82,503 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 in the last quarter. Finally, State Street Corp lifted its holdings in shares of Guaranty Bancorp by 41.7% in the second quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock valued at $11,183,000 after purchasing an additional 120,876 shares in the last quarter. Institutional investors own 70.24% of the company’s stock.

Guaranty Bancorp (NASDAQ:GBNK) opened at $28.55 on Monday. The stock has a market capitalization of $834.29, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50. Guaranty Bancorp has a fifty-two week low of $22.90 and a fifty-two week high of $30.42.

ILLEGAL ACTIVITY NOTICE: “Guaranty Bancorp (GBNK) Expected to Post Quarterly Sales of $39.32 Million” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/05/guaranty-bancorp-gbnk-expected-to-post-quarterly-sales-of-39-32-million.html.

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.

Get a free copy of the Zacks research report on Guaranty Bancorp (GBNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Guaranty Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply