Alps Advisors Inc. Acquires Shares of 18,028 Guaranty Bancorp (GBNK)
Alps Advisors Inc. acquired a new position in Guaranty Bancorp (NASDAQ:GBNK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,028 shares of the financial services provider’s stock, valued at approximately $501,000. Alps Advisors Inc. owned about 0.06% of Guaranty Bancorp at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Guaranty Bancorp by 9.8% in the second quarter. Vanguard Group Inc. now owns 960,376 shares of the financial services provider’s stock worth $26,122,000 after purchasing an additional 85,642 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Guaranty Bancorp in the second quarter worth about $21,660,000. Dimensional Fund Advisors LP lifted its stake in Guaranty Bancorp by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 681,195 shares of the financial services provider’s stock worth $18,528,000 after purchasing an additional 43,006 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Guaranty Bancorp by 26.9% in the second quarter. Renaissance Technologies LLC now owns 532,320 shares of the financial services provider’s stock worth $14,479,000 after purchasing an additional 112,700 shares during the last quarter. Finally, State Street Corp lifted its stake in Guaranty Bancorp by 41.7% in the second quarter. State Street Corp now owns 411,052 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 120,876 shares during the last quarter. 68.36% of the stock is owned by institutional investors and hedge funds.
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Guaranty Bancorp (GBNK) opened at $28.30 on Friday. The company has a market cap of $809.98, a P/E ratio of 19.03, a PEG ratio of 1.89 and a beta of 0.93. Guaranty Bancorp has a 1 year low of $20.10 and a 1 year high of $30.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The company had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $35.81 million. Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%. research analysts anticipate that Guaranty Bancorp will post 1.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, November 16th. Guaranty Bancorp’s dividend payout ratio (DPR) is presently 37.31%.
In related news, Director W Kirk Wycoff sold 81,900 shares of Guaranty Bancorp stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $28.69, for a total transaction of $2,349,711.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 250,000 shares of company stock worth $7,245,102. Corporate insiders own 8.40% of the company’s stock.
GBNK has been the subject of several analyst reports. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 21st. BidaskClub lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $29.00 target price on shares of Guaranty Bancorp in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Guaranty Bancorp presently has an average rating of “Hold” and an average target price of $29.90.
Guaranty Bancorp 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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