Guaranty Bancorp (GBNK) Plans Dividend Increase – $0.16 Per Share

Guaranty Bancorp (NASDAQ:GBNK) declared a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.1625 per share by the financial services provider on Friday, March 2nd. This represents a $0.65 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, February 22nd. This is an increase from Guaranty Bancorp’s previous quarterly dividend of $0.13.

Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up $0.10 on Wednesday, hitting $27.90. 88,200 shares of the stock traded hands, compared to its average volume of 96,841. The firm has a market cap of $812.38, a PE ratio of 20.36, a P/E/G ratio of 1.48 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42.

Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $38.36 million for the quarter, compared to analysts’ expectations of $37.42 million. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. equities research analysts forecast that Guaranty Bancorp will post 1.88 earnings per share for the current fiscal year.

In related news, EVP Keith Dickelman sold 5,000 shares of the firm’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 transaction of $145,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.40% of the company’s stock.

GBNK has been the topic of several recent research reports. ValuEngine cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub cut shares of Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a report on Friday, December 22nd. Finally, Zacks Investment Research cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.90.

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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.

Dividend History for Guaranty Bancorp (NASDAQ:GBNK)

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