Forest Hill Capital LLC Has $15.09 Million Stake in Guaranty Bancorp (GBNK)

Forest Hill Capital LLC grew its stake in Guaranty Bancorp (NASDAQ:GBNK) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 545,633 shares of the financial services provider’s stock after purchasing an additional 3,800 shares during the period. Guaranty Bancorp makes up approximately 4.3% of Forest Hill Capital LLC’s portfolio, making the stock its 3rd largest position. Forest Hill Capital LLC’s holdings in Guaranty Bancorp were worth $15,087,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GBNK. Cornerstone Capital Management Holdings LLC. bought a new stake in Guaranty Bancorp during the fourth quarter worth $162,000. Deutsche Bank AG lifted its holdings in Guaranty Bancorp by 2.5% during the fourth quarter. Deutsche Bank AG now owns 129,238 shares of the financial services provider’s stock worth $3,573,000 after acquiring an additional 3,128 shares during the period. Weil Company Inc. bought a new stake in Guaranty Bancorp during the fourth quarter worth $304,000. Ranger Investment Management L.P. lifted its holdings in Guaranty Bancorp by 6.8% during the fourth quarter. Ranger Investment Management L.P. now owns 98,850 shares of the financial services provider’s stock worth $2,733,000 after acquiring an additional 6,330 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Guaranty Bancorp by 23.9% during the fourth quarter. Geode Capital Management LLC now owns 234,311 shares of the financial services provider’s stock worth $6,478,000 after acquiring an additional 45,273 shares during the period. Institutional investors own 69.98% of the company’s stock.

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A number of analysts recently commented on GBNK shares. ValuEngine lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub lowered Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $31.00 target price on shares of Guaranty Bancorp in a research report on Friday, December 22nd. Finally, Zacks Investment Research downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Four 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 target price of $29.90.

In other news, EVP Michael J. Dipetro sold 2,162 shares of Guaranty Bancorp stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.30, for a total value of $61,184.60. Following the completion of the transaction, the executive vice president now directly owns 4,419 shares in the company, valued at $125,057.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael J. Noesen sold 7,500 shares of Guaranty Bancorp stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $28.90, for a total value of $216,750.00. Following the completion of the transaction, the executive vice president now owns 24,699 shares of the company’s stock, valued at $713,801.10. The disclosure for this sale can be found here. Insiders sold 28,442 shares of company stock valued at $801,477 over the last three months. Company insiders own 8.40% of the company’s stock.

Shares of Guaranty Bancorp (GBNK) opened at $29.40 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.94 and a quick ratio of 0.94. Guaranty Bancorp has a 52-week low of $22.90 and a 52-week high of $30.42. The stock has a market capitalization of $867.45, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.57 and a beta of 0.89.

Guaranty Bancorp (NASDAQ:GBNK) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $38.36 million during the quarter, compared to the consensus estimate of $37.42 million. equities analysts predict that Guaranty Bancorp will post 1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd were given a $0.1625 dividend. This is an increase from Guaranty Bancorp’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, February 22nd. 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.

Want to see what other hedge funds are holding GBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guaranty Bancorp (NASDAQ:GBNK).

Institutional Ownership by Quarter for Guaranty Bancorp (NASDAQ:GBNK)

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