Michael B. Hobbs Sells 4,770 Shares of Guaranty Bancorp (GBNK) Stock

Guaranty Bancorp (NASDAQ:GBNK) insider Michael B. Hobbs sold 4,770 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $27.90, for a total transaction of $133,083.00. Following the completion of the transaction, the insider now directly owns 40,524 shares in the company, valued at $1,130,619.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Guaranty Bancorp (NASDAQ:GBNK) traded up $0.35 on Wednesday, reaching $28.25. 89,219 shares of the company’s stock were exchanged, compared to its average volume of 96,872. 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. The stock has a market cap of $812.38, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. The business had revenue of $38.36 million for the quarter, compared to analyst estimates of $37.42 million. sell-side analysts forecast that Guaranty Bancorp will post 1.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, February 22nd. Guaranty Bancorp’s dividend payout ratio (DPR) is 36.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBNK. State Street Corp lifted its stake in Guaranty Bancorp by 41.7% in 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 stake in Guaranty Bancorp by 8.6% in 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 lifted its stake in Guaranty Bancorp by 26.9% in 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 in the last quarter. Vanguard Group Inc. lifted its stake in Guaranty Bancorp by 9.8% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Guaranty Bancorp by 12.1% in 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 in the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

GBNK has been the topic of a number of research reports. ValuEngine lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub lowered shares of Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price target on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Four 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.

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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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