Guaranty Bancorp (GBNK) Reaches New 1-Year High and Low at $30.85

Guaranty Bancorp (NASDAQ:GBNK) hit a new 52-week high and low on Monday . The stock traded as low as $30.85 and last traded at $30.60, with a volume of 4094 shares. The stock had previously closed at $30.55.

GBNK has been the topic of several recent analyst reports. ValuEngine downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. BidaskClub downgraded Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Finally, Zacks Investment Research downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.00.

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $893.66 million, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.62 and a beta of 0.86.

Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Guaranty Bancorp had a return on equity of 12.00% and a net margin of 25.61%. The firm had revenue of $39.06 million for the quarter, compared to the consensus estimate of $39.32 million. analysts expect that Guaranty Bancorp will post 1.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 18th will be paid a $0.162 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.65 annualized dividend and a yield of 2.11%. Guaranty Bancorp’s dividend payout ratio (DPR) is currently 42.48%.

In related news, EVP Michael J. Dipetro sold 2,162 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.30, for a total value of $61,184.60. Following the transaction, the executive vice president now owns 4,419 shares of the company’s stock, valued at $125,057.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael J. Noesen sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $28.90, for a total value of $216,750.00. Following the completion of the transaction, the executive vice president now directly owns 24,699 shares in the company, valued at approximately $713,801.10. The disclosure for this sale can be found here. In the last three months, insiders sold 17,714 shares of company stock worth $513,103. 13.30% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Guaranty Bancorp by 12.1% in the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after purchasing an additional 82,503 shares in the last quarter. Comerica Bank grew its stake in Guaranty Bancorp by 37.0% in the fourth quarter. Comerica Bank now owns 43,208 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 11,660 shares in the last quarter. Probabilities Fund Management LLC bought a new position in Guaranty Bancorp in the fourth quarter worth approximately $281,000. Wedge Capital Management L L P NC grew its stake in Guaranty Bancorp by 3.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 282,800 shares of the financial services provider’s stock worth $7,819,000 after purchasing an additional 9,740 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Guaranty Bancorp by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 47,028 shares of the financial services provider’s stock worth $1,300,000 after purchasing an additional 2,782 shares in the last quarter. 71.43% of the stock is currently owned by institutional investors.

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.

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