Insider Selling: Guaranty Bancorp (GBNK) CEO Sells 9,321 Shares of Stock

Guaranty Bancorp (NASDAQ:GBNK) CEO Paul W. Taylor sold 9,321 shares of Guaranty Bancorp stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total value of $259,589.85. Following the completion of the sale, the chief executive officer now directly owns 98,696 shares in the company, valued at approximately $2,748,683.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up $0.35 during trading on Wednesday, reaching $28.25. The company had a trading volume of 89,219 shares, compared to its average volume of 96,872. The firm has a market cap of $812.38, a price-to-earnings ratio of 20.62, a PEG ratio of 1.48 and a beta of 0.89. Guaranty Bancorp has a 1-year low of $22.90 and a 1-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 posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $38.36 million for the quarter, compared to analyst estimates of $37.42 million. Guaranty Bancorp had a return on equity of 11.75% and a net margin of 24.18%. analysts anticipate that Guaranty Bancorp will post 1.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a dividend of $0.1625 per share. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 22nd. This represents a $0.65 annualized dividend and a dividend yield of 2.30%. Guaranty Bancorp’s payout ratio is 36.50%.

A number of equities research analysts recently issued reports on GBNK shares. BidaskClub raised Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, October 20th. Finally, ValuEngine lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.90.

Several large investors have recently bought and sold shares of GBNK. State Street Corp increased its position in shares of Guaranty Bancorp by 41.7% during the 2nd quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 120,876 shares during the last quarter. BlackRock Inc. increased its position in shares of Guaranty Bancorp by 8.6% during the 4th quarter. BlackRock Inc. now owns 1,498,236 shares of the financial services provider’s stock worth $41,428,000 after purchasing an additional 118,505 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Guaranty Bancorp by 26.9% during the 2nd quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after purchasing an additional 112,700 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Guaranty Bancorp by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after purchasing an additional 85,642 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Guaranty Bancorp by 12.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after purchasing an additional 82,503 shares during the last quarter. 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.

Insider Buying and Selling by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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