$42.36 Million in Sales Expected for Guaranty Bancorp (GBNK) This Quarter
Brokerages expect that Guaranty Bancorp (NASDAQ:GBNK) will announce $42.36 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Guaranty Bancorp’s earnings. The highest sales estimate is $43.10 million and the lowest is $41.62 million. Guaranty Bancorp posted sales of $38.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The firm is scheduled to report its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Guaranty Bancorp will report full-year sales of $163.83 million for the current fiscal year, with estimates ranging from $161.96 million to $165.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $176.34 million, with estimates ranging from $171.98 million to $180.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Guaranty Bancorp.
Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $41.06 million during the quarter, compared to analysts’ expectations of $41.31 million. Guaranty Bancorp had a net margin of 28.50% and a return on equity of 13.05%.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Guaranty Bancorp by 2.0% during the third quarter. BlackRock Inc. now owns 1,928,795 shares of the financial services provider’s stock worth $57,284,000 after purchasing an additional 37,956 shares during the last quarter. Renaissance Technologies LLC increased its position in Guaranty Bancorp by 54.8% during the second quarter. Renaissance Technologies LLC now owns 1,099,120 shares of the financial services provider’s stock worth $32,754,000 after purchasing an additional 389,200 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Guaranty Bancorp by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 893,881 shares of the financial services provider’s stock worth $26,638,000 after purchasing an additional 31,025 shares during the last quarter. Northern Trust Corp increased its position in Guaranty Bancorp by 12.7% during the second quarter. Northern Trust Corp now owns 305,188 shares of the financial services provider’s stock worth $9,094,000 after purchasing an additional 34,353 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Guaranty Bancorp during the second quarter worth about $5,965,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.
NASDAQ:GBNK traded down $0.21 during trading hours on Wednesday, reaching $25.68. 40,100 shares of the company were exchanged, compared to its average volume of 127,488. The stock has a market capitalization of $758.62 million, a PE ratio of 16.78, a P/E/G ratio of 1.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.95 and a current ratio of 0.96. Guaranty Bancorp has a twelve month low of $23.72 and a twelve month high of $35.20.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, November 7th. Guaranty Bancorp’s payout ratio is currently 42.48%.
About Guaranty Bancorp
Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company accepts deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, and savings accounts, as well as certificates of deposit.
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