Zacks: Analysts Expect Guaranty Bancorp (GBNK) Will Post Earnings of $0.39 Per Share
Wall Street brokerages expect Guaranty Bancorp (NASDAQ:GBNK) to announce earnings of $0.39 per share for the current quarter, according to Zacks. Two analysts have made estimates for Guaranty Bancorp’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. Guaranty Bancorp reported earnings of $0.34 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The firm is expected to report its next earnings report on Wednesday, January 24th.
On average, analysts expect that Guaranty Bancorp will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts expect that the company will post earnings of $1.73 per share, with EPS estimates ranging from $1.69 to $1.80. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Guaranty Bancorp.
Guaranty Bancorp (NASDAQ:GBNK) last posted 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). The business had revenue of $37.46 million for the quarter, compared to the consensus estimate of $35.81 million. Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%.
Several equities research analysts recently issued reports on GBNK shares. BidaskClub lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 price objective on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, October 20th. Finally, ValuEngine lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.90.
In other Guaranty Bancorp news, EVP Keith Dickelman sold 5,000 shares of Guaranty Bancorp 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Kirk Wycoff sold 118,100 shares of Guaranty Bancorp stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $29.11, for a total value of $3,437,891.00. The disclosure for this sale can be found here. Insiders have sold 255,000 shares of company stock valued at $7,390,202 in the last three months. 8.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of GBNK. Goldman Sachs Group Inc. bought a new stake in Guaranty Bancorp during the second quarter worth about $21,660,000. Principal Financial Group Inc. bought a new stake in Guaranty Bancorp during the second quarter worth about $6,319,000. State Street Corp lifted its stake in Guaranty Bancorp by 41.7% during the second quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 120,876 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Guaranty Bancorp by 26.9% during the second quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after purchasing an additional 112,700 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Guaranty Bancorp by 9.8% during the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after purchasing an additional 85,642 shares during the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.
Guaranty Bancorp (NASDAQ GBNK) traded up $0.25 during trading hours on Friday, reaching $27.65. The company had a trading volume of 84,784 shares, compared to its average volume of 105,450. The company has a market capitalization of $808.52, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.93. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50.
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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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