Brokerages Expect Guaranty Bancorp (GBNK) Will Announce Earnings of $0.45 Per Share

Brokerages expect Guaranty Bancorp (NASDAQ:GBNK) to announce earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Guaranty Bancorp’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. Guaranty Bancorp posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The business is expected to issue its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Guaranty Bancorp will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.87 to $1.90. For the next fiscal year, analysts forecast that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $2.05 to $2.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Guaranty Bancorp.

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Guaranty Bancorp (NASDAQ:GBNK) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Guaranty Bancorp had a return on equity of 11.46% and a net margin of 24.18%. The company had revenue of $38.36 million during the quarter, compared to analyst estimates of $37.42 million.

GBNK has been the subject of a number of research reports. BidaskClub upgraded Guaranty Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research note on Friday, December 22nd. ValuEngine cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Zacks Investment Research cut Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Guaranty Bancorp has an average rating of “Hold” and an average price target of $29.90.

In other Guaranty Bancorp news, EVP Michael J. Noesen sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $28.90, for a total transaction of $216,750.00. Following the transaction, the executive vice president now owns 24,699 shares in the company, valued at $713,801.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael B. Hobbs sold 4,770 shares of the firm’s stock in a transaction dated 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 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 28,442 shares of company stock worth $801,477. 8.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP bought a new position in Guaranty Bancorp during the third quarter worth about $348,000. Dimensional Fund Advisors LP boosted its holdings in Guaranty Bancorp by 12.1% during the third quarter. Dimensional Fund Advisors LP now owns 763,698 shares of the financial services provider’s stock worth $21,231,000 after buying an additional 82,503 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Guaranty Bancorp by 148.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 96,795 shares of the financial services provider’s stock worth $2,691,000 after buying an additional 57,875 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Guaranty Bancorp by 3.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 282,800 shares of the financial services provider’s stock worth $7,819,000 after buying an additional 9,740 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Guaranty Bancorp during the third quarter worth about $793,000. Hedge funds and other institutional investors own 69.98% of the company’s stock.

Shares of Guaranty Bancorp (GBNK) traded down $0.28 during trading hours on Thursday, hitting $29.32. The stock had a trading volume of 67,963 shares, compared to its average volume of 91,125. Guaranty Bancorp has a 52 week low of $22.90 and a 52 week high of $30.42. The firm has a market capitalization of $864.52, a price-to-earnings ratio of 21.61, a PEG ratio of 1.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 0.94.

The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were issued a $0.1625 dividend. This is a boost from Guaranty Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, February 22nd. This represents a $0.65 annualized dividend and a yield of 2.22%. Guaranty Bancorp’s dividend payout ratio (DPR) is currently 47.45%.

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About Guaranty Bancorp

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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