Guaranty Bancorp (NASDAQ:GBNK) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.90.
GBNK has been the subject of several analyst reports. BidaskClub upgraded shares of Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a report on Friday, December 22nd. ValuEngine lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th.
In related news, insider Michael B. Hobbs sold 4,770 shares of Guaranty Bancorp stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $27.90, for a total transaction of $133,083.00. Following the completion of the sale, the insider now owns 40,524 shares in the company, valued at approximately $1,130,619.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher G. Treece sold 4,689 shares of Guaranty Bancorp stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $27.91, for a total transaction of $130,869.99. Following the sale, the chief financial officer now owns 41,744 shares of the company’s stock, valued at approximately $1,165,075.04. The disclosure for this sale can be found here. Insiders have sold a total of 23,780 shares of company stock valued at $668,643 in the last quarter. 8.40% of the stock is currently owned by company insiders.
Guaranty Bancorp (NASDAQ GBNK) traded up $0.20 during trading on Wednesday, hitting $28.55. 112,500 shares of the stock traded hands, compared to its average volume of 96,455. The company has a market cap of $834.84, a price-to-earnings ratio of 20.84, a PEG ratio of 1.52 and a beta of 0.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50. Guaranty Bancorp has a 12-month low of $22.90 and a 12-month high of $30.42.
Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $38.36 million during the quarter, compared to analyst estimates of $37.42 million. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. equities analysts forecast that Guaranty Bancorp will post 1.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd will be issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. Guaranty Bancorp’s dividend payout ratio (DPR) is 36.50%.
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Guaranty Bancorp Company 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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