Insider Selling: Guaranty Bancorp (GBNK) CFO Sells 4,689 Shares of Stock

Guaranty Bancorp (NASDAQ:GBNK) CFO Christopher G. Treece sold 4,689 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $27.91, for a total value of $130,869.99. Following the transaction, the chief financial officer now directly owns 41,744 shares in the company, valued at approximately $1,165,075.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up $0.35 on Wednesday, reaching $28.25. The company had a trading volume of 89,219 shares, compared to its average volume of 96,872. The stock has a market cap of $812.38, a PE ratio of 20.62, a price-to-earnings-growth 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 twelve month low of $22.90 and a twelve month high of $30.42.

Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $38.36 million for 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%. research analysts predict that Guaranty Bancorp will post 1.88 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of GBNK. State Street Corp lifted its holdings in 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 in the last quarter. BlackRock Inc. lifted its holdings in 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 in the last quarter. Renaissance Technologies LLC increased its stake in Guaranty Bancorp by 26.9% during the second quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after acquiring an additional 112,700 shares during the last quarter. Vanguard Group Inc. increased its stake in Guaranty Bancorp by 9.8% during the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after acquiring an additional 85,642 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Guaranty Bancorp by 12.1% during the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after acquiring an additional 82,503 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on GBNK shares. ValuEngine cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price target on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Finally, BidaskClub raised Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.90.

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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.

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

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