Guaranty Bancorp (GBNK) Upgraded to Hold by Zacks Investment Research
According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “
Separately, Sandler O’Neill raised shares of Guaranty Bancorp from a hold rating to a buy rating in a research report on Thursday, October 27th.
Guaranty Bancorp (NASDAQ:GBNK) traded down 0.24% on Friday, reaching $20.75. 1,418 shares of the company were exchanged. The stock has a 50-day moving average price of $18.45 and a 200 day moving average price of $17.37. The stock has a market capitalization of $576.52 million, a price-to-earnings ratio of 19.78 and a beta of 1.03. Guaranty Bancorp has a 52 week low of $13.92 and a 52 week high of $21.45.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, November 18th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 16th. Guaranty Bancorp’s dividend payout ratio (DPR) is 43.40%.
In related news, Director W Kirk Wycoff sold 95,043 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $20.41, for a total value of $1,939,827.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.93% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Penn Capital Management Co. Inc. bought a new position in Guaranty Bancorp during the third quarter worth approximately $3,717,000. EJF Capital LLC increased its position in Guaranty Bancorp by 34.5% in the third quarter. EJF Capital LLC now owns 913,788 shares of the financial services provider’s stock worth $16,311,000 after buying an additional 234,547 shares during the period. Panagora Asset Management Inc. increased its position in Guaranty Bancorp by 1.7% in the third quarter. Panagora Asset Management Inc. now owns 182,792 shares of the financial services provider’s stock worth $3,263,000 after buying an additional 3,136 shares during the period. The Manufacturers Life Insurance Company bought a new position in Guaranty Bancorp during the third quarter worth approximately $231,000. Finally, Northern Trust Corp increased its position in Guaranty Bancorp by 1.0% in the third quarter. Northern Trust Corp now owns 166,384 shares of the financial services provider’s stock worth $2,970,000 after buying an additional 1,693 shares during the period. 66.59% of the stock is currently owned by hedge funds and other institutional investors.
Guaranty Bancorp Company Profile
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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