BidaskClub upgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a strong sell rating to a sell rating in a report released on Thursday morning.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Guaranty Bancorp from a hold rating to a buy rating and set a $29.00 price objective for the company in a research note on Monday, September 18th. ValuEngine lowered Guaranty Bancorp from a buy rating to a hold rating in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $31.00 target price on shares of Guaranty Bancorp in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $29.90.

Shares of Guaranty Bancorp (GBNK) traded down $0.20 during trading hours on Thursday, hitting $28.95. The stock had a trading volume of 68,800 shares, compared to its average volume of 72,522. Guaranty Bancorp has a 1 year low of $22.90 and a 1 year high of $30.42. The stock has a market capitalization of $846.53, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92.

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 consensus estimate of $0.37 by ($0.01). Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%. The firm had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $35.81 million. research analysts expect that Guaranty Bancorp will post 1.46 EPS for the current fiscal year.

In related news, EVP Keith Dickelman sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total transaction of $145,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Kirk Wycoff sold 81,900 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $28.69, for a total value of $2,349,711.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,000 shares of company stock worth $7,390,202. 8.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of GBNK. Comerica Bank grew its holdings in Guaranty Bancorp by 0.7% in the second quarter. Comerica Bank now owns 30,548 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 205 shares during the period. Legal & General Group Plc grew its holdings in Guaranty Bancorp by 27.9% in the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,320 shares during the period. Stifel Financial Corp grew its holdings in Guaranty Bancorp by 10.5% in the second quarter. Stifel Financial Corp now owns 17,538 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 1,663 shares during the period. Victory Capital Management Inc. grew its holdings in Guaranty Bancorp by 4.8% in the second quarter. Victory Capital Management Inc. now owns 48,661 shares of the financial services provider’s stock valued at $1,324,000 after purchasing an additional 2,220 shares during the period. Finally, Broadview Advisors LLC grew its holdings in Guaranty Bancorp by 0.7% in the second quarter. Broadview Advisors LLC now owns 352,417 shares of the financial services provider’s stock valued at $9,586,000 after purchasing an additional 2,400 shares during the period. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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