Guaranty Bancorp (NASDAQ:GBNK) – Research analysts at DA Davidson upped their Q3 2017 earnings per share estimates for Guaranty Bancorp in a report released on Thursday. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $0.37 per share for the quarter, up from their previous forecast of $0.36. DA Davidson has a “Buy” rating and a $32.00 price objective on the stock. DA Davidson also issued estimates for Guaranty Bancorp’s FY2018 earnings at $1.64 EPS.
A number of other brokerages have also issued reports on GBNK. Piper Jaffray Companies lowered shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $26.00 price target on shares of Guaranty Bancorp in a report on Friday, April 21st. BidaskClub downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday. Finally, ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $28.90.
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Guaranty Bancorp (NASDAQ:GBNK) opened at 26.70 on Monday. Guaranty Bancorp has a 52 week low of $16.35 and a 52 week high of $28.10. The firm’s 50-day moving average is $26.41 and its 200-day moving average is $25.06. The company has a market cap of $745.41 million, a PE ratio of 21.69 and a beta of 0.98.
Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $35.84 million during the quarter, compared to analysts’ expectations of $34.99 million. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.33%.
A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. increased its position in shares of Guaranty Bancorp by 20.1% in the first quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,731 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Guaranty Bancorp during the first quarter valued at approximately $276,000. Nationwide Fund Advisors increased its position in shares of Guaranty Bancorp by 13.1% in the first quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock valued at $286,000 after buying an additional 1,360 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Guaranty Bancorp by 9.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,693 shares of the financial services provider’s stock valued at $307,000 after buying an additional 1,092 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Guaranty Bancorp during the first quarter valued at approximately $386,000. 69.11% of the stock is owned by institutional investors and hedge funds.
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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