Guaranty Bancorp (NASDAQ:GBNK) insider Michael B. Hobbs sold 7,948 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $26.63, for a total value of $211,655.24. Following the completion of the sale, the insider now owns 40,516 shares of the company’s stock, valued at $1,078,941.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at 26.50 on Tuesday. The company has a market cap of $739.83 million, a P/E ratio of 21.53 and a beta of 0.98. The stock’s 50 day moving average price is $26.68 and its 200 day moving average price is $25.17. Guaranty Bancorp has a 1-year low of $16.35 and a 1-year high of $28.10.

Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. The firm had revenue of $35.84 million during the quarter, compared to the consensus estimate of $34.99 million. Equities research analysts forecast that Guaranty Bancorp will post $1.46 earnings per share for the current year.

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A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered Guaranty Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $26.00 to $27.00 in a research report on Thursday, July 20th. BidaskClub lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, July 21st. Piper Jaffray Companies lowered Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, July 11th. Finally, DA Davidson assumed coverage on Guaranty Bancorp in a research report on Friday, June 30th. They set a “buy” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Guaranty Bancorp has a consensus rating of “Buy” and an average target price of $28.90.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Guaranty Bancorp by 9.5% in the first quarter. Vanguard Group Inc. now owns 874,734 shares of the financial services provider’s stock worth $21,300,000 after buying an additional 75,617 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Guaranty Bancorp by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 638,189 shares of the financial services provider’s stock worth $15,540,000 after buying an additional 67,074 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of Guaranty Bancorp by 16.9% in the first quarter. RMB Capital Management LLC now owns 555,253 shares of the financial services provider’s stock worth $13,520,000 after buying an additional 80,100 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Guaranty Bancorp during the first quarter worth approximately $7,036,000. Finally, State Street Corp boosted its position in shares of Guaranty Bancorp by 8.3% in the fourth quarter. State Street Corp now owns 263,191 shares of the financial services provider’s stock worth $6,371,000 after buying an additional 20,114 shares during the last quarter. Institutional investors own 69.32% of the company’s stock.

About Guaranty Bancorp

Guaranty Bancorp is a bank holding company. The Company’s bank subsidiary is Guaranty Bank and Trust Company (the Bank). As of December 31, 2016, the Company operated 32 branches and two investment management firms, Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.

Insider Buying and Selling by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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