Wall Street analysts predict that Guaranty Bancorp (NASDAQ:GBNK) will report sales of $41.24 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Guaranty Bancorp’s earnings, with estimates ranging from $40.53 million to $42.10 million. Guaranty Bancorp reported sales of $37.46 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The company is scheduled to issue its next earnings report on Wednesday, October 17th.

According to Zacks, analysts expect that Guaranty Bancorp will report full year sales of $162.81 million for the current fiscal year, with estimates ranging from $160.83 million to $165.70 million. For the next financial year, analysts expect that the company will post sales of $175.21 million per share, with estimates ranging from $169.73 million to $180.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Guaranty Bancorp.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. Guaranty Bancorp had a return on equity of 12.61% and a net margin of 26.57%. The business had revenue of $40.23 million for the quarter, compared to the consensus estimate of $40.23 million.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, May 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $32.50 target price on shares of Guaranty Bancorp in a report on Friday, August 10th. ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, June 19th. Finally, DA Davidson cut Guaranty Bancorp from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a report on Wednesday, May 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Guaranty Bancorp presently has an average rating of “Hold” and a consensus target price of $34.63.

Several institutional investors have recently made changes to their positions in GBNK. Renaissance Technologies LLC boosted its holdings in shares of Guaranty Bancorp by 54.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,099,120 shares of the financial services provider’s stock worth $32,754,000 after purchasing an additional 389,200 shares during the period. BlackRock Inc. boosted its holdings in shares of Guaranty Bancorp by 20.9% in the 2nd quarter. BlackRock Inc. now owns 1,890,839 shares of the financial services provider’s stock worth $56,347,000 after purchasing an additional 327,287 shares during the period. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancorp in the 2nd quarter worth approximately $5,965,000. Allianz Asset Management GmbH boosted its holdings in shares of Guaranty Bancorp by 636.1% in the 1st quarter. Allianz Asset Management GmbH now owns 146,342 shares of the financial services provider’s stock worth $4,149,000 after purchasing an additional 126,460 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Guaranty Bancorp in the 2nd quarter worth approximately $3,689,000. Hedge funds and other institutional investors own 69.42% of the company’s stock.

NASDAQ:GBNK traded up $0.25 during trading hours on Monday, reaching $31.00. The stock had a trading volume of 90,570 shares, compared to its average volume of 137,396. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.97 and a quick ratio of 0.97. Guaranty Bancorp has a 52 week low of $24.70 and a 52 week high of $35.20. The company has a market cap of $907.11 million, a price-to-earnings ratio of 20.26, a PEG ratio of 1.61 and a beta of 0.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 24th will be issued a $0.1625 dividend. This is a boost from Guaranty Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.10%. Guaranty Bancorp’s payout ratio is 42.48%.

Guaranty Bancorp Company Profile

Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company accepts deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, and savings accounts, as well as certificates of deposit.

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Earnings History and Estimates for Guaranty Bancorp (NASDAQ:GBNK)

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