Price Action Report: Could Guaranty Bancorp Go Down After Achieving 52-Week High?

Price Action Report: Could Guaranty Bancorp Go Down After Achieving 52 Week High?

The stock of Guaranty Bancorp (NASDAQ:GBNK) hit a new 52-week high and has $31.43 target or 50.00% above today’s $20.95 share price. The 5 months bullish chart indicates low risk for the $603.17 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $31.43 price target is reached, the company will be worth $301.59M 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 57,298 shares traded hands or 7.05% up from the average. Guaranty Bancorp (NASDAQ:GBNK) has risen 29.38% since April 11, 2016 and is uptrending. It has outperformed by 23.24% the S&P500.

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. Wood upgraded the stock to “Outperform” rating in Tuesday, April 12 report. On Thursday, October 27 the stock rating was upgraded by Sandler O’Neill to “Buy”. The firm has “Market Perform” rating by FIG Partners given on Thursday, August 13.

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 increased to 1.7 in 2016 Q2. Its up 0.67, from 1.03 in 2016Q1. The ratio is positive, 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.
Franklin accumulated 0.02% or 2.06 million shares. Alliancebernstein Limited Partnership has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Wellington Mngmt Grp Inc Llp reported 279,376 shares or 0% of all its holdings. Nationwide Fund Advsr owns 10,399 shares or 0% of their US portfolio. Moreover, Apg Asset Nv has 0.01% invested in Guaranty Bancorp (NASDAQ:GBNK) for 163,047 shares. Endeavour Advsr holds 111,146 shares or 0.14% of its portfolio. Blackrock Ltd last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa owns 585 shares or 0% of their US portfolio. Broadview Advsr Limited Liability Com holds 0.24% or 97,450 shares in its portfolio. National Bank & Trust Of America De last reported 0% of its portfolio in the stock. Dimensional Fund Advsrs Limited Partnership accumulated 0% or 485,563 shares. Analytic Limited Liability Company, a California-based fund reported 17,635 shares. The Germany-based Deutsche Bankshares Ag has invested 0% in Guaranty Bancorp (NASDAQ:GBNK). Kennedy Capital, a Missouri-based fund reported 426,414 shares. Forest Hill Capital Ltd Llc last reported 1.23M shares in the company.

Insider Transactions: Since May 13, 2016, the stock had 2 insider buys, and 3 insider sales for $1.84 million net activity. Another trade for 1,500 shares valued at $24,750 was made by DiPetro Michael J on Friday, May 13. On Friday, September 9 WYCOFF W KIRK sold $47,916 worth of the stock or 2,662 shares. Joyce Stephen D also bought $1,778 worth of Guaranty Bancorp (NASDAQ:GBNK) on Friday, May 20.

More important recent Guaranty Bancorp (NASDAQ:GBNK) news were published by: Streetinsider.com which released: “Guaranty Bancorp (GBNK) Declares $0.115 Quarterly Dividend; 2.5% Yield” on November 08, 2016, also 9News.com published article titled: “Guaranty Bancorp merger with Home State Bank complete”, Marketwired.com published: “Guaranty Bancorp and Home State Bancorp to Merge” on March 16, 2016. More interesting news about Guaranty Bancorp (NASDAQ:GBNK) was released by: Streetinsider.com and their article: “Form FWP Guaranty Bancorp Filed by: Guaranty Bancorp” with publication date: July 13, 2016.

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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