Guaranty Bancorp (GBNK) to Issue Quarterly Dividend of $0.13 on November 27th
Guaranty Bancorp (NASDAQ:GBNK) declared a quarterly dividend on Tuesday, November 7th, NASDAQ reports. Shareholders of record on Friday, November 17th will be given a dividend of 0.125 per share by the financial services provider on Monday, November 27th. This represents a $0.50 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, November 16th.
Shares of Guaranty Bancorp (NASDAQ GBNK) opened at $27.05 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $788.05, a price-to-earnings ratio of 18.59, a PEG ratio of 1.84 and a beta of 0.94. Guaranty Bancorp has a 52 week low of $18.75 and a 52 week high of $30.30.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $35.81 million. Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%. research analysts anticipate that Guaranty Bancorp will post 1.46 EPS for the current year.
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In related news, Director W Kirk Wycoff sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total transaction of $1,457,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 250,000 shares of company stock valued at $7,245,102 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on GBNK shares. BidaskClub cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods cut shares of Guaranty Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $26.00 to $27.00 in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 21st. Finally, ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.90.
About Guaranty Bancorp
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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