Guaranty Bancorp (GBNK) Sees Unusually-High Trading Volume
Guaranty Bancorp (NASDAQ:GBNK) saw unusually-strong trading volume on Wednesday . Approximately 258,422 shares traded hands during mid-day trading, an increase of 167% from the previous session’s volume of 96,870 shares.The stock last traded at $16.51 and had previously closed at $16.52.
A number of equities research analysts recently issued reports on GBNK shares. FBR & Co restated a “buy” rating on shares of Guaranty Bancorp in a report on Thursday, March 17th. Zacks Investment Research downgraded shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Finally, Keefe, Bruyette & Woods upgraded shares of Guaranty Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $19.00 in a report on Tuesday, April 12th.
The firm has a market capitalization of $350.56 million and a P/E ratio of 15.29. The stock has a 50 day moving average of $16.15 and a 200-day moving average of $15.84.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Analysts predict that Guaranty Bancorp will post $1.09 EPS for the current year.
In other news, Director Stephen D. Joyce bought 10,200 shares of Guaranty Bancorp stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $16.75 per share, with a total value of $170,850.00. Following the completion of the transaction, the director now directly owns 58,499 shares in the company, valued at $979,858.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael J. Dipetro sold 5,537 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $16.39, for a total value of $90,751.43. Following the completion of the transaction, the executive vice president now directly owns 8,681 shares of the company’s stock, valued at $142,281.59. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Guaranty Bancorp stock. Royce & Associates LLC boosted its stake in Guaranty Bancorp (NASDAQ:GBNK) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 385,900 shares of the financial services provider’s stock after buying an additional 2,500 shares during the period. Royce & Associates LLC owned 1.83% of Guaranty Bancorp worth $6,383,000 as of its most recent SEC filing.
Guaranty Bancorp is a bank holding company. The Company’s principal business is to serve as a holding company for its bank subsidiary, Guaranty Bank and Trust Company (Guaranty Bank). As on December 31, 2014, the Company had operated 26 branches and two investment management firms in Colorado through its bank subsidiary, Guaranty Bank.