JPMorgan Chase & Co. boosted its holdings in Guaranty Bancorp (NASDAQ:GBNK) by 30.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,327 shares of the financial services provider’s stock after acquiring an additional 14,702 shares during the quarter. JPMorgan Chase & Co. owned 0.23% of Guaranty Bancorp worth $1,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Guaranty Bancorp during the second quarter worth about $110,000. Legal & General Group Plc grew its stake in Guaranty Bancorp by 27.9% during 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 during the last quarter. Airain ltd bought a new stake in Guaranty Bancorp during the second quarter worth about $221,000. American International Group Inc. grew its stake in Guaranty Bancorp by 20.1% during the first quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,731 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in Guaranty Bancorp by 13.1% during the first quarter. Nationwide Fund Advisors now owns 11,759 shares of the financial services provider’s stock worth $286,000 after buying an additional 1,360 shares during the last quarter. 70.51% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/17/jpmorgan-chase-co-has-1-72-million-position-in-guaranty-bancorp-gbnk.html.

In related news, EVP Cathy P. Goss sold 4,225 shares of Guaranty Bancorp stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $26.55, for a total transaction of $112,173.75. Following the sale, the executive vice president now directly owns 66,292 shares of the company’s stock, valued at approximately $1,760,052.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cathy P. Goss sold 3,793 shares of Guaranty Bancorp stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $26.82, for a total transaction of $101,728.26. Following the sale, the executive vice president now directly owns 66,292 shares in the company, valued at $1,777,951.44. The disclosure for this sale can be found here. Insiders have sold a total of 41,451 shares of company stock worth $1,102,999 over the last ninety days. 8.40% of the stock is currently owned by insiders.

Guaranty Bancorp (NASDAQ:GBNK) opened at 28.40 on Tuesday. The stock’s 50 day moving average is $26.82 and its 200-day moving average is $26.03. The firm has a market capitalization of $792.87 million, a price-to-earnings ratio of 23.07 and a beta of 1.00. Guaranty Bancorp has a 12 month low of $17.37 and a 12 month high of $28.75.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.36 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 for the quarter, compared to analyst estimates of $34.99 million. Equities analysts anticipate that Guaranty Bancorp will post $1.46 earnings per share for the current fiscal year.

GBNK has been the topic of several research analyst reports. ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st. DA Davidson initiated coverage on shares of Guaranty Bancorp in a research note on Friday, June 30th. They set a “buy” rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods set a $26.00 price objective on shares of Guaranty Bancorp and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, BidaskClub cut shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.70.

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.

Want to see what other hedge funds are holding GBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guaranty Bancorp (NASDAQ:GBNK).

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

Receive News & Stock Ratings for Guaranty Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guaranty Bancorp and related stocks with our FREE daily email newsletter.