Guaranty Bancorp (NASDAQ:GBNK) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a buy rating to a hold rating in a research note released on Tuesday, December 26th.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Guaranty Bancorp from a hold rating to a buy rating and set a $29.00 target price for the company in a research note on Monday, September 18th. Keefe, Bruyette & Woods restated a hold rating and set a $29.00 price target on shares of Guaranty Bancorp in a report on Thursday, October 19th. Finally, BidaskClub downgraded Guaranty Bancorp from a hold rating to a sell rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $29.90.

Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at $28.95 on Tuesday. Guaranty Bancorp has a 52 week low of $22.90 and a 52 week high of $30.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $846.53, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The company had revenue of $37.46 million during the quarter, compared to the consensus estimate of $35.81 million. sell-side analysts forecast that Guaranty Bancorp will post 1.46 EPS for the current year.

In related news, EVP Keith Dickelman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total value of $145,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W Kirk Wycoff sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $29.15, for a total value of $1,457,500.00. The disclosure for this sale can be found here. Insiders sold a total of 255,000 shares of company stock worth $7,390,202 in the last 90 days. 8.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in GBNK. TD Asset Management Inc. lifted its position in Guaranty Bancorp by 110.3% in the 2nd quarter. TD Asset Management Inc. now owns 23,800 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 12,481 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Guaranty Bancorp by 39.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,920 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 11,000 shares in the last quarter. Rhumbline Advisers lifted its position in Guaranty Bancorp by 28.5% in the 2nd quarter. Rhumbline Advisers now owns 27,962 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 6,194 shares in the last quarter. SG Americas Securities LLC bought a new position in Guaranty Bancorp in the 2nd quarter valued at approximately $110,000. Finally, Bank of New York Mellon Corp lifted its position in Guaranty Bancorp by 22.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 141,034 shares of the financial services provider’s stock valued at $3,836,000 after acquiring an additional 25,456 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

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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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