FIG Partners Comments on Guaranty Bancorp’s Q1 2018 Earnings (GBNK)
Guaranty Bancorp (NASDAQ:GBNK) – FIG Partners issued their Q1 2018 earnings per share estimates for Guaranty Bancorp in a research note issued on Thursday. FIG Partners analyst J. Rodis expects that the firm will post earnings of $0.36 per share for the quarter. FIG Partners also issued estimates for Guaranty Bancorp’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.38 EPS and FY2018 earnings at $1.50 EPS.
A number of other brokerages have also recently commented on GBNK. Zacks Investment Research cut shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Sandler O’Neill raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th.
Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up 4.00% during midday trading on Friday, hitting $20.80. 66,881 shares of the stock traded hands. The company’s 50 day moving average price is $18.51 and its 200-day moving average price is $17.40. Guaranty Bancorp has a 12-month low of $13.92 and a 12-month high of $21.45. The stock has a market cap of $577.91 million, a price-to-earnings ratio of 19.83 and a beta of 1.03.
A number of large investors have recently added to or reduced their stakes in the stock. LSV Asset Management bought a new stake in Guaranty Bancorp during the second quarter worth about $121,000. BlackRock Advisors LLC boosted 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. The Manufacturers Life Insurance Company acquired a new stake in shares of Guaranty Bancorp during the third quarter valued at about $231,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Guaranty Bancorp during the second quarter valued at about $261,000. 66.92% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director W Kirk Wycoff sold 41,609 shares of Guaranty Bancorp stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $18.01, for a total value of $749,378.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 31.93% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, November 18th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.46 dividend on an annualized basis and a yield of 2.21%. Guaranty Bancorp’s dividend payout ratio is currently 43.40%.
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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