Bank of New York Mellon Corp increased its holdings in Guaranty Bancorp (NASDAQ:GBNK) by 22.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,034 shares of the financial services provider’s stock after buying an additional 25,456 shares during the period. Bank of New York Mellon Corp owned 0.51% of Guaranty Bancorp worth $3,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in Guaranty Bancorp in the 1st quarter worth approximately $386,000. TD Asset Management Inc. boosted its holdings in Guaranty Bancorp by 110.3% in the 2nd quarter. TD Asset Management Inc. now owns 23,800 shares of the financial services provider’s stock worth $647,000 after buying an additional 12,481 shares during the period. Wellington Management Group LLP bought a new position in Guaranty Bancorp in the 1st quarter worth approximately $1,051,000. Emerald Mutual Fund Advisers Trust boosted its holdings in Guaranty Bancorp by 690.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 177,886 shares of the financial services provider’s stock worth $4,838,000 after buying an additional 155,380 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Guaranty Bancorp by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 874,734 shares of the financial services provider’s stock worth $21,300,000 after buying an additional 75,617 shares during the period. 70.51% of the stock is owned by institutional investors.

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Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Monday, September 18th. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods downgraded shares of Guaranty Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $26.00 to $27.00 in a report on Thursday, July 20th. Finally, Piper Jaffray Companies downgraded shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.70.

Guaranty Bancorp (NASDAQ GBNK) opened at 28.30 on Friday. The company has a market capitalization of $790.08 million, a P/E ratio of 22.99 and a beta of 1.00. Guaranty Bancorp has a one year low of $17.00 and a one year high of $28.50. The firm has a 50-day moving average of $26.41 and a 200 day moving average of $25.81.

Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $35.84 million during the quarter, compared to analyst estimates of $34.99 million. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. On average, equities analysts forecast that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.

In other Guaranty Bancorp news, CEO Paul W. Taylor sold 15,676 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $26.58, for a total value of $416,668.08. Following the completion of the transaction, the chief executive officer now directly owns 106,577 shares in the company, valued at $2,832,816.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen D. Joyce purchased 2,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $25.79 per share, with a total value of $51,580.00. Following the completion of the transaction, the director now owns 62,739 shares of the company’s stock, valued at $1,618,038.81. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 41,451 shares of company stock valued at $1,102,999. Company insiders own 8.40% of the company’s stock.

Guaranty Bancorp 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.

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Institutional Ownership by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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