John M. Eggemeyer III Sells 1,000,000 Shares of Guaranty Bancorp (GBNK) Stock
Guaranty Bancorp (NASDAQ:GBNK) Director John M. Eggemeyer III sold 1,000,000 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $20.75, for a total transaction of $20,750,000.00. Following the sale, the director now owns 4,224 shares of the company’s stock, valued at $87,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Guaranty Bancorp (NASDAQ:GBNK) remained flat at $20.85 on Friday. 79,588 shares of the company’s stock traded hands. The firm has a market capitalization of $579.30 million, a PE ratio of 19.88 and a beta of 1.03. The firm has a 50-day moving average price of $18.82 and a 200 day moving average price of $17.51. Guaranty Bancorp has a one year low of $13.92 and a one year high of $21.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, November 18th will be issued 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 dividend yield of 2.21%. Guaranty Bancorp’s payout ratio is 43.40%.
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Several large investors have recently made changes to their positions in the company. LSV Asset Management acquired a new stake in shares of Guaranty Bancorp during the second quarter worth $121,000. BlackRock Advisors LLC raised 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 worth $126,000 after buying an additional 173 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of Guaranty Bancorp during the second quarter valued at approximately $207,000. The Manufacturers Life Insurance Company purchased a new position in shares of Guaranty Bancorp during the third quarter valued at approximately $231,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in shares of Guaranty Bancorp during the second quarter valued at approximately $261,000. Hedge funds and other institutional investors own 66.59% of the company’s stock.
GBNK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Guaranty Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, August 15th. Sandler O’Neill raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th.
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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