Guaranty Bancorp (GBNK) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 17.90 on Monday. The firm has a market cap of $380.34 million, a PE ratio of 16.57 and a beta of 0.80. Guaranty Bancorp has a 52-week low of $13.92 and a 52-week high of $18.88. The company’s 50-day moving average price is $17.87 and its 200-day moving average price is $16.59.
Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a return on equity of 10.48% and a net margin of 22.44%. Equities analysts expect that Guaranty Bancorp will post $1.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 22nd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, August 18th. Guaranty Bancorp’s dividend payout ratio (DPR) is currently 42.20%.
In other news, Director W Kirk Wycoff sold 2,662 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $18.00, for a total value of $47,916.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 31.93% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in Guaranty Bancorp by 2.4% in the second quarter. BlackRock Advisors LLC now owns 7,533 shares of the financial services provider’s stock worth $126,000 after buying an additional 173 shares during the period. Victory Capital Management Inc. increased its position in Guaranty Bancorp by 0.4% in the second quarter. Victory Capital Management Inc. now owns 52,345 shares of the financial services provider’s stock worth $874,000 after buying an additional 200 shares during the period. Teachers Advisors Inc. increased its position in Guaranty Bancorp by 9.0% in the second quarter. Teachers Advisors Inc. now owns 22,413 shares of the financial services provider’s stock worth $374,000 after buying an additional 1,860 shares during the period. Geode Capital Management LLC increased its position in Guaranty Bancorp by 2.1% in the first quarter. Geode Capital Management LLC now owns 140,320 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 2,946 shares during the period. Finally, Alliancebernstein L.P. increased its position in Guaranty Bancorp by 2.6% in the second quarter. Alliancebernstein L.P. now owns 132,192 shares of the financial services provider’s stock worth $2,208,000 after buying an additional 3,403 shares during the period. 85.84% of the stock is currently owned by institutional investors.
Guaranty Bancorp Company Profile
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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