Somewhat Positive Media Coverage Somewhat Unlikely to Affect Guaranty Bancorp (GBNK) Share Price
News stories about Guaranty Bancorp (NASDAQ:GBNK) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Guaranty Bancorp earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6631815833389 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 price objective on shares of Guaranty Bancorp in a report on Thursday, October 19th. BidaskClub lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Guaranty Bancorp currently has a consensus rating of “Hold” and a consensus price target of $29.90.
Guaranty Bancorp (GBNK) opened at $28.10 on Thursday. The stock has a market cap of $828.99, a P/E ratio of 19.55, a P/E/G ratio of 1.94 and a beta of 0.94. 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 has a 1-year low of $20.65 and a 1-year high of $30.30.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings data 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). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The business had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $35.81 million. equities analysts predict that Guaranty Bancorp will post 1.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, November 16th. Guaranty Bancorp’s dividend payout ratio is currently 37.59%.
In other Guaranty Bancorp news, Director W Kirk Wycoff sold 81,900 shares of Guaranty Bancorp stock in a transaction on Monday, October 30th. The shares were sold at an average price of $28.69, for a total value of $2,349,711.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 250,000 shares of company stock worth $7,245,102 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.
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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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