Somewhat Favorable News Coverage Somewhat Unlikely to Affect Guaranty Bancorp (NASDAQ:GBNK) Share Price
News articles about Guaranty Bancorp (NASDAQ:GBNK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Guaranty Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.3873646436103 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up 0.20% during mid-day trading on Friday, hitting $25.55. The stock had a trading volume of 116,809 shares. The company’s 50 day moving average price is $26.73 and its 200 day moving average price is $25.34. The stock has a market cap of $713.30 million, a P/E ratio of 20.76 and a beta of 0.98. Guaranty Bancorp has a 12-month low of $16.35 and a 12-month high of $28.10.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $35.84 million for the quarter, compared to analyst estimates of $34.99 million. Guaranty Bancorp had a net margin of 23.00% and a return on equity of 10.23%. Equities research analysts predict that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 18th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.96%. Guaranty Bancorp’s dividend payout ratio (DPR) is presently 40.98%.
A number of research analysts have commented on GBNK shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $26.00 price target on shares of Guaranty Bancorp in a research note on Friday, April 21st. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, April 24th. ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Piper Jaffray Companies cut Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, July 11th. Finally, DA Davidson started coverage on Guaranty Bancorp in a research note on Friday, June 30th. They issued a “buy” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Guaranty Bancorp currently has a consensus rating of “Hold” and an average price target of $28.90.
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In other Guaranty Bancorp news, Director Stephen D. Joyce acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $25.79 per share, for a total transaction of $51,580.00. Following the completion of the purchase, the director now directly owns 62,739 shares in the company, valued at $1,618,038.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher G. Treece sold 6,000 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $26.63, for a total transaction of $159,780.00. Following the sale, the chief financial officer now owns 41,733 shares in the company, valued at approximately $1,111,349.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,451 shares of company stock worth $1,102,999. Company insiders own 8.40% of the company’s stock.
Guaranty Bancorp Company Profile
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.
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