Filings Don’t Lie: Why Patriot Financial Partners Lp Reported Big Guaranty Bancorp Position?

Filings Don't Lie: Why Patriot Financial Partners Lp Reported Big Guaranty Bancorp Position?

The New Patriot Financial Partners Lp Holding in Guaranty Bancorp

Patriot Financial Partners Lp filed with the SEC SC 13D/A form for Guaranty Bancorp. The form can be accessed here: 000092708916001037. As reported in Patriot Financial Partners Lp’s form, the filler as of late owns 8.38% or 2,374,473 shares of the Finance–company.

Guaranty Bancorp stake is a new one for the and it was filed because of activity on November 21, 2016. We feel this shows Patriot Financial Partners Lp’s positive view for the stock.

Reasons Why Patriot Financial Partners Lp Bought – Guaranty Bancorp Stock

Item 4. Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented, with effect from the date of the event giving rise to this Amendment, by the following:

On November 21, 2016, Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (collectively the “Funds”) sold 1,000,000 shares of Common Stock at a weighted average price per share of $20.75. Patriot Financial Partners, L.P. sold 852,698 shares of Common Stock and Patriot Financial Partners Parallel, L.P. sold 147,302 shares of Common Stock. The sales were completed through open market, broker-assisted transactions.

Other than as described in this Item 4, none of the Reporting Persons have any present plans or proposals that that relate to or would result in any of the events set forth in Items 4(a) through 4(j) of Schedule 13D. However, each of the Reporting Persons reserves the right to change its plans at any time, as it deems appropriate.

Guaranty Bancorp Institutional Sentiment

Latest Security and Exchange filings show 72 investors own Guaranty Bancorp. The institutional ownership in Q3 2015 is high, at 76.70% of the outstanding shares. This is increased by 8758780 the total institutional shares. 21743951 were the shares owned by these institutional investors. In total 9 funds opened new Guaranty Bancorp stakes, 30 increased stakes. There were 6 that closed positions and 21 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Patriot Financial Partners Gp Lp, Castle Creek Capital Partners Iv Lp..

Blackthorn Investment Group Llc is an institutional investor bullish on Guaranty Bancorp, owning 30000 shares as of Q3 2015 for 1.84% of its portfolio. Fred Cummings Elizabeth Park Capital Advisors Ltd owns 436483 shares or 2.46% of its portfolio. CA Castle Creek Capital Partners Iv Lp have 7.95% of their stock portfolio for 1429849 shares. Further, Maltese Capital Management Llc reported stake worth 1.70% of its US stock portfolio. The PA Patriot Financial Partners Gp Lp owns 3570165 shares. Guaranty Bancorp is 14.06% of the manager’s US portfolio.

Business Profile

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. The Bank provides banking and other financial services, including commercial and industrial loans, real estate loans, construction loans, consumer loans and agriculture loans across its targeted Colorado markets to consumers and small to medium-sized businesses, including the owners and employees of those businesses. The Bank also provides wealth management solutions, including trust and investment management services. It provides traditional deposit accounts, such as demand, interest-bearing demand, negotiable order of withdrawal (NOW), money market, individual retirement accounts (IRA), time deposits and savings accounts.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.35, from 1.7 in 2016Q1. The ratio is negative, as 2 funds sold all Guaranty Bancorp shares owned while 21 reduced positions. 11 funds bought stakes while 28 increased positions. They now own 17.82 million shares or 1.09% more from 17.63 million shares in 2016Q1.

Vanguard Gru has 0% invested in the company for 528,868 shares. Morgan Stanley, a New York-based fund reported 56,179 shares. Banc Funds Company Ltd accumulated 0.16% or 162,259 shares. Teachers has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Panagora Asset Mgmt last reported 0.01% of its portfolio in the stock. Blackrock has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Royal Bank & Trust Of Canada, a Ontario – Canada-based fund reported 7,100 shares. Tiaa Cref Investment Mgmt Ltd Liability Co owns 71,183 shares or 0% of their US portfolio. Pnc Fincl Service Grp reported 133 shares or 0% of all its holdings. Renaissance Tech Lc holds 268,820 shares or 0.01% of its portfolio. Manufacturers Life Insurance The holds 14,337 shares or 0% of its portfolio. Moreover, Blackrock Inv Limited Liability Corporation has 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 64,283 shares. The California-based Franklin Resource Inc has invested 0.02% in Guaranty Bancorp (NASDAQ:GBNK). Blackrock Fund last reported 0% of its portfolio in the stock. Hutchin Hill Cap Ltd Partnership reported 177,601 shares or 0.1% of all its holdings.

Insider Transactions: Since August 29, 2016, the stock had 2 insider purchases, and 7 selling transactions for $45.39 million net activity. EGGEMEYER JOHN M III had sold 1.00 million shares worth $20.75M. Another trade for 4,957 shares valued at $99,293 was made by WYCOFF W KIRK on Thursday, November 17. 89 Guaranty Bancorp (NASDAQ:GBNK) shares with value of $1,869 were bought by Joyce Stephen D.

Analysts await Guaranty Bancorp (NASDAQ:GBNK) to report earnings on January, 25. They expect $0.32 earnings per share, up 14.29% or $0.04 from last year’s $0.28 per share. GBNK’s profit will be $9.07 million for 16.48 P/E if the $0.32 EPS becomes a reality. After $0.32 actual earnings per share reported by Guaranty Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock increased 1.20% or $0.25 during the last trading session, hitting $21.1. About 73,576 shares traded hands. Guaranty Bancorp (NASDAQ:GBNK) has risen 26.67% since April 25, 2016 and is uptrending. It has outperformed by 20.66% the S&P500.

Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company . The company has a market cap of $598.17 million. The Company’s segment is banking. It has a 20.08 P/E ratio. The Firm 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.

Guaranty Bancorp (NASDAQ:GBNK) Ratings Coverage

Out of 3 analysts covering Guaranty Bancorp (NASDAQ:GBNK), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $19 is the highest target while $18 is the lowest. The $18.50 average target is -12.32% below today’s ($21.1) stock price. Guaranty Bancorp has been the topic of 4 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, October 27 by Sandler O’Neill. The company was upgraded on Thursday, August 13 by FIG Partners. The firm has “Outperform” rating by Wood given on Tuesday, April 12.

More recent Guaranty Bancorp (NASDAQ:GBNK) news were published by: 9News.com which released: “Guaranty Bancorp merger with Home State Bank complete” on September 09, 2016. Also Streetinsider.com published the news titled: “Form 4 Guaranty Bancorp For: Nov 28 Filed by: Joyce Stephen D” on November 28, 2016. Marketwired.com‘s news article titled: “Guaranty Bancorp and Home State Bancorp to Merge” with publication date: March 16, 2016 was also an interesting one.

According to Zacks Investment Research, “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.”

GBNK Company Profile

Guaranty Bancorp, incorporated on March 3, 2004, is a bank holding company. The Company’s bank subsidiary is Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Firm 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. The Bank provides banking and other financial services, including commercial and industrial loans, real estate loans, construction loans, consumer loans and agriculture loans across its targeted Colorado markets to clients and small to medium-sized businesses, including the owners and employees of those businesses. Along with loans and depository services, the Bank also provides wealth management solutions, including trust and investment management services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment