Guaranty Bancorp (GBNK) Stock Rating Lowered by BidaskClub
Guaranty Bancorp (NASDAQ:GBNK) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Several other brokerages have also recently issued reports on GBNK. Piper Jaffray Companies restated a “hold” rating and issued a $32.50 target price on shares of Guaranty Bancorp in a report on Friday, August 10th. Zacks Investment Research cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, ValuEngine cut shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.63.
NASDAQ GBNK opened at $23.49 on Friday. Guaranty Bancorp has a 52 week low of $23.09 and a 52 week high of $35.20. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. The company has a market cap of $702.65 million, a price-to-earnings ratio of 15.35, a PEG ratio of 1.23 and a beta of 0.92.
Institutional investors have recently modified their holdings of the company. Pacific Sun Financial Corp acquired a new position in shares of Guaranty Bancorp in the 2nd quarter valued at $208,000. FMR LLC purchased a new stake in Guaranty Bancorp in the 2nd quarter valued at $268,000. GSA Capital Partners LLP purchased a new stake in Guaranty Bancorp in the 3rd quarter valued at $313,000. MetLife Investment Advisors LLC raised its position in Guaranty Bancorp by 55.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,817 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 6,392 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Guaranty Bancorp in the 3rd quarter valued at $560,000. Institutional investors and hedge funds own 72.80% of the company’s stock.
Guaranty Bancorp Company Profile
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.
See Also: Preferred Stock
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