The stock of Guaranty Bancorp (NASDAQ:GBNK) hit a new 52-week high and has $22.94 target or 9.00% above today’s $21.05 share price. The 7 months bullish chart indicates low risk for the $600.95 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $22.94 price target is reached, the company will be worth $54.09M 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 1.06 million shares traded hands or 1000.54% up from the average. Guaranty Bancorp (NASDAQ:GBNK) has risen 31.68% since April 21, 2016 and is uptrending. It has outperformed by 26.35% the S&P500.
Analysts await Guaranty Bancorp (NASDAQ:GBNK) to report earnings on January, 25. They expect $0.32 earnings per share, up 14.29% or $0.04 from last year’s $0.28 per share. GBNK’s profit will be $9.14M for 16.45 P/E if the $0.32 EPS becomes a reality. After $0.32 actual earnings per share reported by Guaranty Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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 it to “Outperform” rating and $19 target price in Tuesday, April 12 report. As per Thursday, October 27, the company rating was upgraded by Sandler O’Neill. 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 decreased to 1.35 in 2016 Q2. Its down 0.35, from 1.7 in 2016Q1. The ratio worsened, 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.
Maltese Cap Management Ltd Liability Company holds 446,400 shares or 0.93% of its portfolio. Metropolitan Life New York last reported 11,601 shares in the company. The Ohio-based Elizabeth Park Advsr Ltd has invested 1.73% in Guaranty Bancorp (NASDAQ:GBNK). Geode Capital Management Lc has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Emerald Mutual Fund Advisers accumulated 22,506 shares or 0.02% of the stock. Moreover, Rhumbline Advisers has 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 19,172 shares. Castine Capital Mngmt Ltd holds 152,293 shares or 1.22% of its portfolio. California State Teachers Retirement Systems accumulated 31,478 shares or 0% of the stock. Kennedy Capital Management Inc reported 426,414 shares or 0.14% of all its holdings. Moreover, First Manhattan Co has 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 21,000 shares. Ejf Cap Limited Liability Com owns 679,241 shares or 1.07% of their US portfolio. Invesco Limited, a Georgia-based fund reported 63,850 shares. Legal And General Group Public Limited Co last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 585 shares. Manufacturers Life The has invested 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK).
Insider Transactions: Since August 29, 2016, the stock had 1 insider buy, and 6 sales for $24.64 million net activity. The insider WYCOFF W KIRK sold 4,957 shares worth $99,293. 101 Guaranty Bancorp (NASDAQ:GBNK) shares with value of $1,861 were bought by Joyce Stephen D.
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.
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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