Guaranty Bancorp (NASDAQ:GBNK) Lowered to “Sell” at ValuEngine

Guaranty Bancorp (NASDAQ:GBNK) Lowered to “Sell” at ValuEngine

Guaranty Bancorp (NASDAQ:GBNK) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, October 19th.

Several other research firms also recently weighed in on GBNK. Piper Jaffray Companies reiterated a “hold” rating and set a $32.50 price target on shares of Guaranty Bancorp in a research note on Friday, August 10th. BidaskClub upgraded Guaranty Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Zacks Investment Research downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Keefe, Bruyette & Woods upgraded Guaranty Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $32.00 to $38.00 in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.63.

NASDAQ GBNK traded up $0.19 on Friday, reaching $26.74. The company had a trading volume of 46,600 shares, compared to its average volume of 130,486. Guaranty Bancorp has a 52-week low of $23.72 and a 52-week high of $35.20. The firm has a market capitalization of $777.96 million, a P/E ratio of 17.48, a PEG ratio of 1.36 and a beta of 0.97. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.70.

Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Guaranty Bancorp had a return on equity of 13.05% and a net margin of 28.50%. The firm had revenue of $41.06 million during the quarter, compared to analyst estimates of $41.31 million. As a group, sell-side analysts predict that Guaranty Bancorp will post 1.95 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of Guaranty Bancorp by 10.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,029 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 1,677 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Guaranty Bancorp by 5.7% during the 2nd quarter. TD Asset Management Inc. now owns 33,400 shares of the financial services provider’s stock valued at $995,000 after buying an additional 1,800 shares in the last quarter. Security National Bank raised its holdings in shares of Guaranty Bancorp by 5.9% during the 3rd quarter. Security National Bank now owns 34,207 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 1,892 shares in the last quarter. Swiss National Bank raised its holdings in shares of Guaranty Bancorp by 8.5% during the 2nd quarter. Swiss National Bank now owns 45,800 shares of the financial services provider’s stock valued at $1,365,000 after buying an additional 3,600 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Guaranty Bancorp by 6.9% during the 2nd quarter. California Public Employees Retirement System now owns 59,750 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 3,842 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

About Guaranty Bancorp

Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company accepts deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, and savings accounts, as well as certificates of deposit.

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