Guaranty Bancorp (NASDAQ:GBNK) has been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.17.
Several equities analysts have recently issued reports on GBNK shares. ValuEngine lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Piper Jaffray Companies reissued a “hold” rating and issued a $32.50 target price on shares of Guaranty Bancorp in a research report on Friday, August 10th. Zacks Investment Research lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, Keefe, Bruyette & Woods raised Guaranty Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $32.00 to $38.00 in a research report on Wednesday, July 25th.
Large investors have recently modified their holdings of the business. Pacific Sun Financial Corp purchased a new position in Guaranty Bancorp in the 2nd quarter worth about $208,000. FMR LLC purchased a new position in Guaranty Bancorp in the 2nd quarter worth about $268,000. Alps Advisors Inc. raised its position in Guaranty Bancorp by 10.3% in 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 last quarter. Russell Investments Group Ltd. purchased a new position in Guaranty Bancorp in the 3rd quarter worth about $560,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Guaranty Bancorp in the 2nd quarter worth about $596,000. 73.50% of the stock is owned by institutional investors and hedge funds.
Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $41.06 million during the quarter, compared to analyst estimates of $41.31 million. Guaranty Bancorp had a return on equity of 13.18% and a net margin of 28.50%. Sell-side analysts forecast that Guaranty Bancorp will post 1.95 earnings per share for the current fiscal year.
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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