November 25, 2016 - By Nellie Frank
After the disclosing of a report filled with Security Exchange Commission; a huge sale became apparent. The director of Guaranty Bancorp, John Eggemeyer; finalized a sizable transaction in the open market by unloading 1,000,000 shares at an average price per share of $20.8 of the Pinksheet-listed company having an approx. value of $20,750,200 USD. The sell will most probably not stay a secret as it was significant one. At the moment, he owns a total of 1.16 million shares or 4.16% of the Company’s market capitalization.
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 -11.27% below today’s ($20.85) stock price. Guaranty Bancorp has been the topic of 4 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 27 by Sandler O’Neill. The firm has “Outperform” rating given on Tuesday, April 12 by Wood. FIG Partners upgraded Guaranty Bancorp (NASDAQ:GBNK) on Thursday, August 13 to “Market Perform” rating.
Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.35, from 1.7 in 2016Q1. The ratio turned 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.
Moreover, Fincl Bank Of America De has 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 9,051 shares. First Trust Advisors L P has 28,399 shares for 0% of their US portfolio. Blackrock Fund Advsr reported 388,948 shares or 0% of all its holdings. State Bank Of Ny Mellon holds 84,212 shares or 0% of its portfolio. Deutsche Commercial Bank Ag owns 57,309 shares or 0% of their US portfolio. Gsa Capital Ptnrs Ltd Liability Partnership accumulated 31,519 shares or 0.03% of the stock. Moreover, Mendon Capital Advsrs Corp has 0.17% invested in Guaranty Bancorp (NASDAQ:GBNK) for 95,800 shares. California Pub Employees Retirement System has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Lsv Asset Mgmt last reported 7,300 shares in the company. Legal General Gru Public Ltd Co holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 2,351 shares. Endeavour Advsrs has invested 0.14% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Apg Asset Management Nv has invested 0.01% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Blackrock Management Ltd holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 64,283 shares. Goldman Sachs accumulated 15,766 shares or 0% of the stock. Stieven Capital Advisors L P accumulated 1.4% or 301,617 shares.
Insider Transactions: Since August 29, 2016, the stock had 1 insider purchase, and 6 insider sales for $24.64 million net activity. Joyce Stephen D bought $1,861 worth of stock. 4,957 Guaranty Bancorp (NASDAQ:GBNK) shares with value of $99,293 were sold by WYCOFF W KIRK.
The stock closed at $20.85 during the last session. It is down 26.44% since April 22, 2016 and is uptrending. It has outperformed by 21.03% the S&P500.
Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company . The company has a market cap of $574.55 million. The Company’s segment is banking. It has a 19.84 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.
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.”
Analysts await Guaranty Bancorp (NASDAQ:GBNK) to report earnings on January, 25. They expect $0.32 EPS, up 14.29% or $0.04 from last year’s $0.28 per share. GBNK’s profit will be $8.82 million for 16.29 P/E if the $0.32 EPS becomes a reality. After $0.32 actual EPS reported by Guaranty Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for Guaranty Bancorp (NASDAQ:GBNK) were recently published by: Bizjournals.com, which released: “Guaranty Bancorp merger with Home State Bank complete” on September 09, 2016. Marketwired.com‘s article titled: “Guaranty Bancorp and Home State Bancorp to Merge” and published on March 16, 2016 is yet another important article.
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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By Nellie Frank