Guaranty Bancorp (GBNK) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 17.90 on Monday. The stock has a 50 day moving average price of $17.87 and a 200-day moving average price of $16.59. The firm has a market cap of $380.34 million, a price-to-earnings ratio of 16.57 and a beta of 0.80. Guaranty Bancorp has a 1-year low of $13.92 and a 1-year high of $18.88.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.02. Guaranty Bancorp had a net margin of 22.44% and a return on equity of 10.48%. On average, equities research analysts expect that Guaranty Bancorp will post $1.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.57%. Guaranty Bancorp’s dividend payout ratio is 42.20%.
In other news, Director W Kirk Wycoff sold 57,627 shares of Guaranty Bancorp stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $18.07, for a total transaction of $1,041,319.89. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 31.93% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in GBNK. Mendon Capital Advisors Corp boosted its stake in Guaranty Bancorp by 91.6% in the first quarter. Mendon Capital Advisors Corp now owns 95,800 shares of the financial services provider’s stock worth $1,481,000 after buying an additional 45,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Guaranty Bancorp by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 87,150 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 3,800 shares during the last quarter. State Street Corp boosted its stake in Guaranty Bancorp by 1.7% in the first quarter. State Street Corp now owns 225,477 shares of the financial services provider’s stock worth $3,490,000 after buying an additional 3,670 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Guaranty Bancorp during the first quarter worth about $162,000. Finally, Geode Capital Management LLC boosted its stake in Guaranty Bancorp by 2.1% in the first quarter. Geode Capital Management LLC now owns 140,320 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 2,946 shares during the last quarter. 85.84% of the stock is owned by hedge funds and other institutional investors.
About Guaranty Bancorp
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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