Guaranty Bancorp (NASDAQ:GBNK) EVP Patrick Dan O’brien sold 1,516 shares of Guaranty Bancorp stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $29.35, for a total value of $44,494.60. Following the transaction, the executive vice president now directly owns 23,744 shares in the company, valued at approximately $696,886.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Guaranty Bancorp (GBNK) traded down $0.10 during trading hours on Tuesday, hitting $29.20. The company had a trading volume of 44,568 shares, compared to its average volume of 94,261. The stock has a market capitalization of $858.65, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 0.94. Guaranty Bancorp has a one year low of $22.90 and a one year high of $30.42.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $38.36 million for the quarter, compared to analyst estimates of $37.42 million. Guaranty Bancorp had a return on equity of 11.46% and a net margin of 24.18%. analysts anticipate that Guaranty Bancorp will post 1.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were issued a dividend of $0.1625 per share. This is a positive change from Guaranty Bancorp’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, February 22nd. Guaranty Bancorp’s dividend payout ratio (DPR) is 47.45%.
Several research analysts recently issued reports on the company. BidaskClub raised Guaranty Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 target price on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Finally, ValuEngine cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.90.
Institutional investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. bought a new stake in Guaranty Bancorp during the fourth quarter worth $162,000. Cubist Systematic Strategies LLC bought a new stake in Guaranty Bancorp during the third quarter worth $221,000. Teacher Retirement System of Texas bought a new stake in Guaranty Bancorp during the fourth quarter worth $228,000. Probabilities Fund Management LLC bought a new stake in Guaranty Bancorp during the fourth quarter worth $281,000. Finally, Institutional & Family Asset Management LLC bought a new stake in Guaranty Bancorp during the third quarter worth $285,000. Institutional investors and hedge funds own 69.98% of the company’s stock.
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About Guaranty Bancorp
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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