FY2018 EPS Estimation for Guaranty Bancorp Boosted by Analyst (NASDAQ:GBNK)

FY2018 EPS Estimation for Guaranty Bancorp Boosted by Analyst (NASDAQ:GBNK)

Guaranty Bancorp (NASDAQ:GBNK) – Research analysts at FIG Partners lifted their FY2018 earnings per share estimates for Guaranty Bancorp in a research note issued on Thursday, April 19th, Zacks Investment Research reports. FIG Partners analyst J. Rodis now anticipates that the financial services provider will post earnings per share of $1.90 for the year, up from their previous estimate of $1.87. FIG Partners also issued estimates for Guaranty Bancorp’s Q4 2018 earnings at $0.50 EPS.

A number of other research firms have also weighed in on GBNK. BidaskClub upgraded Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Friday, April 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.00.

GBNK stock opened at $29.25 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.93. Guaranty Bancorp has a twelve month low of $24.05 and a twelve month high of $30.42. The firm has a market capitalization of $849.71, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86.

Guaranty Bancorp (NASDAQ:GBNK) last released its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Guaranty Bancorp had a return on equity of 12.00% and a net margin of 25.61%. The company had revenue of $39.06 million for the quarter, compared to analyst estimates of $39.32 million.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank grew its position in shares of Guaranty Bancorp by 5.0% during the 1st quarter. Swiss National Bank now owns 42,200 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 2,000 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Guaranty Bancorp by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 47,028 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 2,782 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Guaranty Bancorp by 4.5% during the 3rd quarter. California Public Employees Retirement System now owns 65,519 shares of the financial services provider’s stock worth $1,821,000 after buying an additional 2,819 shares in the last quarter. Deutsche Bank AG grew its position in shares of Guaranty Bancorp by 2.5% during the 4th quarter. Deutsche Bank AG now owns 129,238 shares of the financial services provider’s stock worth $3,573,000 after buying an additional 3,128 shares in the last quarter. Finally, Forest Hill Capital LLC grew its position in shares of Guaranty Bancorp by 0.7% during the 4th quarter. Forest Hill Capital LLC now owns 545,633 shares of the financial services provider’s stock worth $15,087,000 after buying an additional 3,800 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Patrick Dan O’brien sold 1,516 shares of the stock in a transaction on Monday, April 30th. The stock was sold at an average price of $28.84, for a total transaction of $43,721.44. Following the transaction, the executive vice president now owns 21,748 shares of the company’s stock, valued at approximately $627,212.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael B. Hobbs sold 4,770 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $27.90, for a total value of $133,083.00. Following the transaction, the insider now directly owns 40,524 shares in the company, valued at approximately $1,130,619.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,494 shares of company stock worth $1,036,645. Insiders own 8.40% of the company’s stock.

About Guaranty Bancorp

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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