The stock of Guaranty Bancorp (NASDAQ:GBNK) hit a new 52-week high and has $23.22 target or 8.00% above today’s $21.50 share price. The 9 months bullish chart indicates low risk for the $616.81M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $23.22 price target is reached, the company will be worth $49.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 47,456 shares traded hands. Guaranty Bancorp (NASDAQ:GBNK) has risen 27.19% since April 26, 2016 and is uptrending. It has outperformed by 21.93% the S&P500.
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 $9.18M for 16.80 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.
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. Guaranty Bancorp has been the topic of 4 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, April 12 by Wood. FIG Partners upgraded the shares of GBNK in a report on Thursday, August 13 to “Market Perform” rating. As per Thursday, October 27, the company rating was upgraded by Sandler O’Neill.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. 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.
Blackrock Fund Advisors has 388,948 shares for 0% of their US portfolio. Zacks Investment Management accumulated 0.02% or 46,037 shares. Victory Capital Mgmt Inc last reported 52,345 shares in the company. California Public Employees Retirement has 0% invested in the company for 99,100 shares. Geode Capital Management Limited Liability, a Massachusetts-based fund reported 148,376 shares. Castle Creek Cap Partners Iv Limited Partnership accumulated 1.43 million shares or 11.48% of the stock. Citigroup reported 2,560 shares or 0% of all its holdings. Hutchin Hill Lp accumulated 0.1% or 177,601 shares. Mendon Capital Advsr Corporation accumulated 95,800 shares or 0.17% of the stock. Bridgeway Cap holds 25,560 shares or 0.01% of its portfolio. Banc Funds Ltd Com has 162,259 shares for 0.16% of their US portfolio. Basswood Management Limited Liability Co has 1.38M shares for 1.33% of their US portfolio. Bancshares Of America Corporation De holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 9,051 shares. Blackrock Mgmt Limited Liability Company accumulated 0% or 64,283 shares. Nationwide Fund Advisors holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 10,399 shares.
Insider Transactions: Since August 29, 2016, the stock had 2 insider buys, and 7 selling transactions for $45.39 million net activity. $47,916 worth of Guaranty Bancorp (NASDAQ:GBNK) shares were sold by WYCOFF W KIRK. 1.00M Guaranty Bancorp (NASDAQ:GBNK) shares with value of $20.75M were sold by EGGEMEYER JOHN M III. $1,869 worth of Guaranty Bancorp (NASDAQ:GBNK) was bought by Joyce Stephen D on Monday, November 28.
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.
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.
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