Schwab Charles Investment Management Inc. Buys 57,875 Shares of Guaranty Bancorp (GBNK)
Schwab Charles Investment Management Inc. raised its stake in Guaranty Bancorp (NASDAQ:GBNK) by 148.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 96,795 shares of the financial services provider’s stock after buying an additional 57,875 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Guaranty Bancorp were worth $2,691,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Guaranty Bancorp in the second quarter valued at $110,000. Legal & General Group Plc raised its stake in shares of Guaranty Bancorp by 27.9% during the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,320 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Guaranty Bancorp during the second quarter valued at about $279,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Guaranty Bancorp during the second quarter valued at about $333,000. Finally, Nationwide Fund Advisors raised its stake in shares of Guaranty Bancorp by 21.5% during the second quarter. Nationwide Fund Advisors now owns 14,293 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 2,534 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.
GBNK has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods restated 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 upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, October 20th. Finally, ValuEngine cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.90.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at $28.95 on Wednesday. Guaranty Bancorp has a one year low of $22.90 and a one year high of $30.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.50. The firm has a market cap of $846.53, a PE ratio of 21.77, a P/E/G ratio of 1.67 and a beta of 0.93.
Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm 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%. research analysts predict that Guaranty Bancorp will post 1.46 EPS for the current year.
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Guaranty Bancorp 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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