Equities analysts expect Guaranty Bancorp (NASDAQ:GBNK) to report sales of $37.42 million for the current quarter, Zacks reports. Two analysts have issued estimates for Guaranty Bancorp’s earnings, with the lowest sales estimate coming in at $36.80 million and the highest estimate coming in at $38.04 million. Guaranty Bancorp reported sales of $34.05 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.9%. The business is expected to announce its next quarterly earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that Guaranty Bancorp will report full-year sales of $37.42 million for the current fiscal year, with estimates ranging from $144.70 million to $145.92 million. For the next year, analysts forecast that the business will report sales of $159.48 million per share, with estimates ranging from $158.20 million to $160.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Guaranty Bancorp.
Guaranty Bancorp (NASDAQ:GBNK) last posted 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). Guaranty Bancorp had a net margin of 24.17% and a return on equity of 11.20%. The business had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $35.81 million.
A number of equities research analysts have commented on GBNK shares. ValuEngine downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub downgraded Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Finally, Zacks Investment Research downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.90.
In related news, Director W Kirk Wycoff sold 118,100 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $29.11, for a total value of $3,437,891.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Keith Dickelman sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $29.02, for a total value of $145,100.00. The disclosure for this sale can be found here. Insiders sold a total of 255,000 shares of company stock worth $7,390,202 in the last quarter. Company insiders own 8.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Guaranty Bancorp during the 2nd quarter worth $110,000. Legal & General Group Plc grew its stake in Guaranty Bancorp by 27.9% during the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,320 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Guaranty Bancorp during the 3rd quarter worth $221,000. Institutional & Family Asset Management LLC acquired a new position in Guaranty Bancorp during the 3rd quarter worth $285,000. Finally, Voya Investment Management LLC acquired a new position in Guaranty Bancorp during the 2nd quarter worth $279,000. 70.19% of the stock is owned by hedge funds and other institutional investors.
Guaranty Bancorp (GBNK) traded down $0.30 during trading hours on Friday, reaching $29.00. The company’s stock had a trading volume of 109,700 shares, compared to its average volume of 86,000. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $848.00, a P/E ratio of 21.64, a P/E/G ratio of 1.69 and a beta of 0.93.
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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.
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