Guaranty Bancorp (NASDAQ:GBNK) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 188,362 shares, an increase of 3.3% from the March 15th total of 182,259 shares. Based on an average daily volume of 77,381 shares, the days-to-cover ratio is presently 2.4 days.
Guaranty Bancorp (NASDAQ:GBNK) traded up 0.93% during midday trading on Thursday, hitting $24.40. The company had a trading volume of 186,532 shares. The firm’s 50 day moving average is $24.15 and its 200-day moving average is $22.23. The firm has a market capitalization of $680.74 million, a P/E ratio of 23.24 and a beta of 1.12. Guaranty Bancorp has a 52 week low of $15.67 and a 52 week high of $25.70.
Guaranty Bancorp (NASDAQ:GBNK) last issued its earnings results on Wednesday, January 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Guaranty Bancorp had a net margin of 20.49% and a return on equity of 10.49%. On average, equities research analysts expect that Guaranty Bancorp will post $1.40 EPS for the current fiscal year.
Several research firms recently weighed in on GBNK. Zacks Investment Research raised Guaranty Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. FIG Partners downgraded Guaranty Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 price objective on shares of Guaranty Bancorp in a report on Wednesday, April 5th. Piper Jaffray Companies began coverage on Guaranty Bancorp in a report on Thursday. They set an “overweight” rating and a $28.00 price objective on the stock. Finally, Hovde Group began coverage on Guaranty Bancorp in a report on Friday, March 24th. They set an “outperform” rating and a $26.50 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.17.
In related news, CEO Paul W. Taylor sold 7,000 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $24.09, for a total transaction of $168,630.00. Following the sale, the chief executive officer now owns 106,577 shares of the company’s stock, valued at approximately $2,567,439.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher E. Erickson sold 1,875 shares of the firm’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $24.00, for a total value of $45,000.00. Following the sale, the executive vice president now directly owns 22,435 shares in the company, valued at approximately $538,440. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,903 shares of company stock worth $528,397. Company insiders own 31.93% of the company’s stock.
Large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Guaranty Bancorp during the fourth quarter worth about $273,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Guaranty Bancorp by 9.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,693 shares of the financial services provider’s stock worth $307,000 after buying an additional 1,092 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Guaranty Bancorp during the fourth quarter worth about $529,000. Teachers Advisors LLC boosted its stake in shares of Guaranty Bancorp by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 25,477 shares of the financial services provider’s stock worth $617,000 after buying an additional 3,064 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Guaranty Bancorp during the third quarter worth about $478,000. 63.49% of the stock is currently owned by institutional investors and hedge funds.
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Guaranty Bancorp Company Profile
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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