Raymond James Financial Services Advisors Inc. trimmed its holdings in Guaranty Bancorp (NASDAQ:GBNK) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,688 shares of the financial services provider’s stock after selling 3,590 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Guaranty Bancorp were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in GBNK. SG Americas Securities LLC purchased a new position in shares of Guaranty Bancorp in the second quarter valued at about $110,000. Legal & General Group Plc lifted its position in shares of Guaranty Bancorp by 27.9% in the second quarter. Legal & General Group Plc now owns 6,053 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,320 shares in the last quarter. Airain ltd purchased a new position in shares of Guaranty Bancorp in the second quarter valued at about $221,000. American International Group Inc. lifted its position in shares of Guaranty Bancorp by 20.1% in the first quarter. American International Group Inc. now owns 10,363 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,731 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of Guaranty Bancorp in the second quarter valued at about $279,000. Institutional investors and hedge funds own 68.36% of the company’s stock.
Shares of Guaranty Bancorp (NASDAQ:GBNK) opened at $27.50 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $790.97, a PE ratio of 18.66, a P/E/G ratio of 1.85 and a beta of 0.94. Guaranty Bancorp has a 52-week low of $18.75 and a 52-week high of $30.30.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be given a $0.125 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. Guaranty Bancorp’s dividend payout ratio is currently 37.59%.
In related news, Director W Kirk Wycoff sold 81,900 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $28.69, for a total value of $2,349,711.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 250,000 shares of company stock worth $7,245,102 over the last quarter. 8.40% of the stock is owned by company insiders.
GBNK has been the topic of several research analyst reports. ValuEngine upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, July 21st. BidaskClub downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $29.00 price objective on shares of Guaranty Bancorp in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.90.
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Guaranty Bancorp Profile
Guaranty Bancorp is a bank holding company. The Company’s bank subsidiary is Guaranty Bank and Trust Company (the Bank). As of December 31, 2016, the Company operated 32 branches and two investment management firms, Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.
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