John W. Rosenthal Capital Management Inc. continued to hold its position in Guaranty Bancorp (NASDAQ:GBNK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the financial services provider’s stock at the end of the second quarter. Guaranty Bancorp accounts for about 1.7% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. John W. Rosenthal Capital Management Inc. owned about 0.27% of Guaranty Bancorp worth $2,040,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in Guaranty Bancorp by 0.7% in the second quarter. Comerica Bank now owns 30,548 shares of the financial services provider’s stock valued at $816,000 after buying an additional 205 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in Guaranty Bancorp by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 46,370 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 229 shares in the last quarter. Investment Centers of America Inc. raised its stake in Guaranty Bancorp by 3.5% in the first quarter. Investment Centers of America Inc. now owns 25,047 shares of the financial services provider’s stock worth $609,000 after buying an additional 850 shares in the last quarter. Foresters Investment Management Company Inc. raised its stake in Guaranty Bancorp by 0.8% in the first quarter. Foresters Investment Management Company Inc. now owns 120,500 shares of the financial services provider’s stock worth $2,934,000 after buying an additional 1,000 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Guaranty Bancorp by 27.9% in the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,320 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Guaranty Bancorp (GBNK) traded up 0.19% on Monday, hitting $25.75. The stock had a trading volume of 7,638 shares. The company’s 50 day moving average is $26.49 and its 200 day moving average is $25.38. The firm has a market cap of $718.89 million, a PE ratio of 20.92 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 quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $35.84 million for the quarter, compared to the consensus estimate of $34.99 million. Guaranty Bancorp had a return on equity of 10.23% and a net margin of 23.00%. On average, equities research analysts expect that Guaranty Bancorp will post $1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 16th. Guaranty Bancorp’s dividend payout ratio is currently 40.98%.

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A number of equities research analysts have issued reports on the company. Piper Jaffray Companies lowered Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods lowered Guaranty Bancorp from an “outperform” rating to a “market perform” rating and increased their price target 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 research report on Wednesday, July 19th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 21st. Finally, DA Davidson assumed coverage on Guaranty Bancorp in a research report on Friday, June 30th. They issued a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.90.

In related news, EVP Cathy P. Goss sold 3,793 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $26.82, for a total value of $101,728.26. Following the completion of the sale, the executive vice president now owns 66,292 shares in the company, valued at $1,777,951.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cathy P. Goss sold 4,225 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $26.55, for a total transaction of $112,173.75. Following the completion of the sale, the executive vice president now owns 66,292 shares of the company’s stock, valued at approximately $1,760,052.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,451 shares of company stock worth $1,102,999. 8.40% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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