Guaranty Bancorp (NASDAQ:GBNK) issued its earnings results on Wednesday. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03, Fidelity Earnings reports. Guaranty Bancorp had a net margin of 26.57% and a return on equity of 12.61%. The company had revenue of $41.06 million for the quarter, compared to the consensus estimate of $41.31 million.
Guaranty Bancorp stock traded up $0.13 during mid-day trading on Thursday, reaching $28.79. 7,545 shares of the company traded hands, compared to its average volume of 131,957. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80. The company has a market cap of $870.47 million, a P/E ratio of 18.82, a PEG ratio of 1.54 and a beta of 0.81. Guaranty Bancorp has a 52-week low of $26.26 and a 52-week high of $35.20.
GBNK has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $32.50 target price on shares of Guaranty Bancorp in a research note on Friday, August 10th. Zacks Investment Research downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine downgraded shares of Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. BidaskClub downgraded shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, Keefe, Bruyette & Woods raised shares of Guaranty Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $32.00 to $38.00 in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.63.
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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