Victory Capital Management Inc. increased its stake in Guaranty Bancorp (NASDAQ:GBNK) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,028 shares of the financial services provider’s stock after acquiring an additional 2,782 shares during the quarter. Victory Capital Management Inc.’s holdings in Guaranty Bancorp were worth $1,300,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Stifel Financial Corp increased its stake in Guaranty Bancorp by 10.5% in the 2nd quarter. Stifel Financial Corp now owns 17,538 shares of the financial services provider’s stock worth $476,000 after buying an additional 1,663 shares during the period. Nationwide Fund Advisors increased its stake in Guaranty Bancorp by 21.5% in the 2nd quarter. Nationwide Fund Advisors now owns 14,293 shares of the financial services provider’s stock worth $389,000 after buying an additional 2,534 shares during the period. California Public Employees Retirement System increased its stake in Guaranty Bancorp by 4.5% in the 3rd quarter. California Public Employees Retirement System now owns 65,519 shares of the financial services provider’s stock worth $1,821,000 after buying an additional 2,819 shares during the period. TD Asset Management Inc. increased its stake in Guaranty Bancorp by 14.3% in the 3rd quarter. TD Asset Management Inc. now owns 27,200 shares of the financial services provider’s stock worth $756,000 after buying an additional 3,400 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Guaranty Bancorp by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,486 shares of the financial services provider’s stock worth $503,000 after buying an additional 3,980 shares during the period. 68.37% of the stock is currently owned by institutional investors.
Guaranty Bancorp (NASDAQ GBNK) opened at $28.45 on Friday. The company has a market cap of $831.37, a PE ratio of 18.72, a P/E/G ratio of 1.51 and a beta of 0.89. Guaranty Bancorp has a 12 month low of $22.90 and a 12 month high of $30.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a net margin of 24.18% and a return on equity of 11.75%. The company had revenue of $38.36 million for the quarter, compared to analysts’ expectations of $37.42 million. analysts forecast that Guaranty Bancorp will post 1.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 2.28%. This is a boost from Guaranty Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 22nd. Guaranty Bancorp’s dividend payout ratio is presently 47.45%.
In other Guaranty Bancorp news, CEO Paul W. Taylor sold 9,321 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total transaction of $259,589.85. Following the transaction, the chief executive officer now directly owns 98,696 shares in the company, valued at approximately $2,748,683.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Keith Dickelman sold 5,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $29.02, for a total transaction of $145,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,942 shares of company stock worth $729,827. 8.40% of the stock is owned by company insiders.
Several research firms recently commented on GBNK. BidaskClub downgraded shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Zacks Investment Research raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price target on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Finally, ValuEngine downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.90.
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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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