Guaranty Bancorp (GBNK) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Guaranty Bancorp from a sell rating to a hold rating in a research note on Tuesday, August 14th. Keefe, Bruyette & Woods upgraded shares of Guaranty Bancorp from a market perform rating to an outperform rating and boosted their price objective for the stock from $32.00 to $38.00 in a research note on Wednesday, July 25th. ValuEngine lowered shares of Guaranty Bancorp from a buy rating to a hold rating in a research note on Tuesday, June 26th. Finally, Piper Jaffray Companies restated a hold rating and set a $32.50 price objective on shares of Guaranty Bancorp in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Guaranty Bancorp currently has a consensus rating of Hold and a consensus target price of $34.63.

GBNK stock traded down $0.53 during midday trading on Wednesday, hitting $28.43. The company’s stock had a trading volume of 131,456 shares, compared to its average volume of 132,812. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80. Guaranty Bancorp has a twelve month low of $26.26 and a twelve month high of $35.20. The firm has a market capitalization of $870.47 million, a P/E ratio of 18.58, a PEG ratio of 1.54 and a beta of 0.81.

Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Guaranty Bancorp had a net margin of 26.57% and a return on equity of 12.61%. The firm had revenue of $40.23 million for the quarter, compared to analyst estimates of $40.23 million. As a group, equities research analysts forecast that Guaranty Bancorp will post 1.93 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Pacific Sun Financial Corp acquired a new position in shares of Guaranty Bancorp during the 2nd quarter worth about $208,000. FMR LLC bought a new stake in shares of Guaranty Bancorp during the 2nd quarter worth about $268,000. Alps Advisors Inc. boosted its holdings in shares of Guaranty Bancorp by 10.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,029 shares of the financial services provider’s stock worth $499,000 after buying an additional 1,677 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Guaranty Bancorp during the 2nd quarter worth about $596,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Guaranty Bancorp during the 1st quarter worth about $670,000. Institutional investors own 73.50% of the company’s stock.

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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