According to Zacks, “GUARANTY BANCORP is a bank holding company with one wholly owned bank subsidiary, Guaranty Bank and Trust Company. Guaranty Bank and Trust Company provides banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses, through 36 community banking branches in the Colorado Front Range. Guaranty Bank also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs. “
Guaranty Bancorp (NASDAQ:GBNK) opened at 18.17 on Monday. The firm’s 50-day moving average is $17.91 and its 200-day moving average is $16.60. The company has a market cap of $386.08 million, a PE ratio of 16.82 and a beta of 0.80. Guaranty Bancorp has a 52 week low of $13.92 and a 52 week high of $18.88.
Guaranty Bancorp (NASDAQ:GBNK) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by $0.02. Guaranty Bancorp had a return on equity of 10.48% and a net margin of 22.44%. On average, analysts expect that Guaranty Bancorp will post $1.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 22nd were issued a $0.115 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.53%. Guaranty Bancorp’s payout ratio is 42.20%.
In other news, Director W Kirk Wycoff sold 57,627 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $18.07, for a total value of $1,041,319.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.93% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. FJ Capital Management LLC boosted its stake in shares of Guaranty Bancorp by 227.9% in the second quarter. FJ Capital Management LLC now owns 423,000 shares of the financial services provider’s stock worth $7,065,000 after buying an additional 294,000 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Guaranty Bancorp during the second quarter worth about $2,723,000. Castine Capital Management LLC purchased a new stake in shares of Guaranty Bancorp during the second quarter worth about $2,543,000. Endeavour Capital Advisors Inc. purchased a new stake in shares of Guaranty Bancorp during the first quarter worth about $1,409,000. Finally, Wellington Management Group LLP boosted its stake in shares of Guaranty Bancorp by 9.0% in the first quarter. Wellington Management Group LLP now owns 979,976 shares of the financial services provider’s stock worth $15,150,000 after buying an additional 80,538 shares during the last quarter. 85.84% of the stock is currently owned by institutional investors.
About Guaranty Bancorp
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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