Brokerages Expect Guaranty Bancorp (GBNK) to Announce $0.39 EPS

Brokerages predict that Guaranty Bancorp (NASDAQ:GBNK) will post earnings of $0.39 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Guaranty Bancorp’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Guaranty Bancorp posted earnings of $0.34 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that Guaranty Bancorp will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts expect that the firm will post earnings of $1.73 per share, with EPS estimates ranging from $1.69 to $1.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Guaranty Bancorp.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $37.46 million for the quarter, compared to the consensus estimate of $35.81 million. Guaranty Bancorp had a return on equity of 11.20% and a net margin of 24.17%.

Several analysts have recently issued reports on GBNK shares. BidaskClub upgraded Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 price target on shares of Guaranty Bancorp in a research note on Friday, December 22nd. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, October 20th. Finally, ValuEngine downgraded 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 assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.90.

Guaranty Bancorp (NASDAQ:GBNK) traded up $0.35 on Wednesday, hitting $29.35. The stock had a trading volume of 169,198 shares, compared to its average volume of 64,616. The company has a market cap of $847.99, a P/E ratio of 22.07, a PEG ratio of 1.68 and a beta of 0.93. Guaranty Bancorp has a 52 week low of $22.90 and a 52 week high of $30.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.92 and a current ratio of 0.92.

In related news, EVP Keith Dickelman sold 5,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Kirk Wycoff sold 50,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $29.15, for a total value of $1,457,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 255,000 shares of company stock valued at $7,390,202 in the last three months. 8.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Guaranty Bancorp in the 2nd quarter valued at approximately $110,000. Legal & General Group Plc raised its holdings in Guaranty Bancorp by 27.9% in the 2nd quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,320 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Guaranty Bancorp in the 3rd quarter valued at approximately $221,000. Voya Investment Management LLC acquired a new position in Guaranty Bancorp in the 2nd quarter valued at approximately $279,000. Finally, Institutional & Family Asset Management LLC acquired a new position in Guaranty Bancorp in the 3rd quarter valued at approximately $285,000. 70.19% of the stock is owned by institutional investors and hedge funds.

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Guaranty Bancorp Company 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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