Guaranty Bancorp (GBNK) Receives Consensus Rating of “Hold” from Analysts

Guaranty Bancorp (NASDAQ:GBNK) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $29.90.

GBNK has been the subject of several research analyst reports. ValuEngine cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Zacks Investment Research upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th.

Guaranty Bancorp (NASDAQ:GBNK) opened at $27.90 on Wednesday. The company has a market cap of $812.38, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.48 and a beta of 0.89. Guaranty Bancorp has a one year low of $22.90 and a one year high of $30.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $38.36 million during 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 analysts predict that Guaranty Bancorp will post 1.88 earnings per share for the current year.

In related news, EVP Keith Dickelman sold 5,000 shares of the company’s stock in a transaction 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 can be accessed through this hyperlink. 8.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in GBNK. Schwab Charles Investment Management Inc. increased its holdings in Guaranty Bancorp by 39.4% in 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 buying an additional 11,000 shares during the period. JPMorgan Chase & Co. increased its holdings in Guaranty Bancorp by 30.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 63,327 shares of the financial services provider’s stock valued at $1,723,000 after buying an additional 14,702 shares during the period. Wells Fargo & Company MN increased its holdings in Guaranty Bancorp by 114.2% in the 2nd quarter. Wells Fargo & Company MN now owns 39,530 shares of the financial services provider’s stock valued at $1,075,000 after buying an additional 21,074 shares during the period. Teachers Advisors LLC increased its holdings in Guaranty Bancorp by 58.2% in the 2nd quarter. Teachers Advisors LLC now owns 41,891 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 15,403 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Guaranty Bancorp by 17.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 77,421 shares of the financial services provider’s stock valued at $2,106,000 after buying an additional 11,526 shares during the period. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

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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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