First Trust Advisors LP lessened its holdings in shares of Guaranty Bancorp (NASDAQ:GBNK) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,802 shares of the financial services provider’s stock after selling 8,364 shares during the period. First Trust Advisors LP owned 0.21% of Guaranty Bancorp worth $1,572,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American International Group Inc. grew its position in shares of Guaranty Bancorp by 20.1% during the 1st quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,731 shares during the last quarter. TD Asset Management Inc. bought a new stake in shares of Guaranty Bancorp during the 1st quarter valued at about $276,000. Nationwide Fund Advisors grew its position in shares of Guaranty Bancorp by 13.1% during the 1st quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock valued at $286,000 after buying an additional 1,360 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Guaranty Bancorp during the 1st quarter valued at about $386,000. Finally, Investment Centers of America Inc. grew its position in shares of Guaranty Bancorp by 3.5% during the 1st quarter. Investment Centers of America Inc. now owns 25,047 shares of the financial services provider’s stock valued at $609,000 after buying an additional 850 shares during the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

In other Guaranty Bancorp news, CFO Christopher G. Treece sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $26.63, for a total value of $159,780.00. Following the completion of the sale, the chief financial officer now owns 41,733 shares in the company, valued at approximately $1,111,349.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul W. Taylor sold 15,676 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $26.58, for a total transaction of $416,668.08. Following the completion of the sale, the chief executive officer now owns 106,577 shares of the company’s stock, valued at approximately $2,832,816.66. The disclosure for this sale can be found here. Insiders sold a total of 41,451 shares of company stock valued at $1,102,999 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.

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Several research firms have commented on GBNK. Keefe, Bruyette & Woods cut shares of Guaranty Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $26.00 to $27.00 in a research report on Thursday, July 20th. BidaskClub cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies cut shares of Guaranty Bancorp from an “overweight” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Guaranty Bancorp has an average rating of “Hold” and an average price target of $28.90.

Guaranty Bancorp (NASDAQ GBNK) opened at 25.75 on Friday. Guaranty Bancorp has a 52-week low of $16.95 and a 52-week high of $28.10. The company has a market cap of $718.89 million, a PE ratio of 20.92 and a beta of 0.98. The firm has a 50-day moving average of $25.95 and a 200 day moving average of $25.48.

Guaranty Bancorp (NASDAQ:GBNK) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the 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 expect that Guaranty Bancorp will post $1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 16th. Guaranty Bancorp’s payout ratio is presently 40.98%.

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

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