Guaranty Bancorp (GBNK) to Release Earnings on Wednesday
Guaranty Bancorp (NASDAQ:GBNK) is scheduled to post its quarterly earnings results on Wednesday, October 12th. Analysts expect Guaranty Bancorp to post earnings of $0.30 per share for the quarter.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a net margin of 22.44% and a return on equity of 10.48%. On average, analysts expect Guaranty Bancorp to post $1.15 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.
Guaranty Bancorp (NASDAQ:GBNK) opened at 17.89 on Monday. The company has a 50 day moving average price of $17.96 and a 200-day moving average price of $16.81. Guaranty Bancorp has a 52 week low of $13.92 and a 52 week high of $18.88. The company has a market capitalization of $380.13 million, a P/E ratio of 16.56 and a beta of 1.05.
Separately, Zacks Investment Research downgraded Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 22nd.
In other Guaranty Bancorp news, Director W Kirk Wycoff sold 41,609 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $18.01, for a total value of $749,378.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.93% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in GBNK. BlackRock Advisors LLC increased its stake in shares of Guaranty Bancorp by 2.4% in the second quarter. BlackRock Advisors LLC now owns 7,533 shares of the financial services provider’s stock valued at $126,000 after buying an additional 173 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Guaranty Bancorp during the second quarter valued at about $207,000. Teachers Advisors Inc. increased its stake in shares of Guaranty Bancorp by 9.0% in the second quarter. Teachers Advisors Inc. now owns 22,413 shares of the financial services provider’s stock valued at $374,000 after buying an additional 1,860 shares during the period. BlackRock Investment Management LLC increased its stake in shares of Guaranty Bancorp by 12.3% in the second quarter. BlackRock Investment Management LLC now owns 64,283 shares of the financial services provider’s stock valued at $1,074,000 after buying an additional 7,031 shares during the period. Finally, Ranger Investment Management L.P. purchased a new position in Guaranty Bancorp during the second quarter valued at $1,189,000. Institutional investors own 85.84% of the company’s stock.
About Guaranty Bancorp
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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