Northern Trust Corp Has $6.82 Million Stake in Guaranty Bancorp (GBNK)
Northern Trust Corp lifted its position in Guaranty Bancorp (NASDAQ:GBNK) by 28.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 250,822 shares of the financial services provider’s stock after purchasing an additional 56,162 shares during the quarter. Northern Trust Corp owned 0.90% of Guaranty Bancorp worth $6,822,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Guaranty Bancorp in the 2nd quarter worth about $110,000. Legal & General Group Plc grew its holdings in shares of Guaranty Bancorp by 27.9% in the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,320 shares during the last quarter. Airain ltd bought a new stake in shares of Guaranty Bancorp in the 2nd quarter worth about $221,000. American International Group Inc. grew its holdings in shares of Guaranty Bancorp by 20.1% in the 1st quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Guaranty Bancorp by 21.5% in the 2nd quarter. Nationwide Fund Advisors now owns 14,293 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 2,534 shares during the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director W Kirk Wycoff sold 50,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total transaction of $1,457,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 250,000 shares of company stock worth $7,245,102. 8.40% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $29.00 target price on shares of Guaranty Bancorp in a report on Thursday, October 19th. Finally, BidaskClub lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.90.
Guaranty Bancorp (GBNK) opened at $27.05 on Monday. The stock has a market cap of $790.97, a PE ratio of 18.66, a P/E/G ratio of 1.85 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.50. Guaranty Bancorp has a 52-week low of $18.75 and a 52-week high of $30.30.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $37.46 million for the quarter, compared to analyst estimates of $35.81 million. Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%. analysts forecast that Guaranty Bancorp will post 1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.50 annualized dividend and a yield of 1.85%. Guaranty Bancorp’s dividend payout ratio (DPR) is 37.59%.
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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