Guaranty Bancorp (GBNK) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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 Company Profile

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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Earnings History for Guaranty Bancorp (NASDAQ:GBNK)

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