$41.24 Million in Sales Expected for Guaranty Bancorp (GBNK) This Quarter

Equities analysts expect that Guaranty Bancorp (NASDAQ:GBNK) will report sales of $41.24 million for the current quarter, according to Zacks. Three analysts have issued estimates for Guaranty Bancorp’s earnings, with the highest sales estimate coming in at $42.10 million and the lowest estimate coming in at $40.53 million. Guaranty Bancorp posted sales of $37.46 million in the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The company is scheduled to report its next earnings results on Wednesday, October 17th.

On average, analysts expect that Guaranty Bancorp will report full-year sales of $162.81 million for the current financial year, with estimates ranging from $160.83 million to $165.70 million. For the next year, analysts anticipate that the firm will report sales of $175.21 million, with estimates ranging from $169.73 million to $180.70 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Guaranty Bancorp.

Guaranty Bancorp (NASDAQ:GBNK) last posted its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $40.23 million during the quarter, compared to the consensus estimate of $40.23 million. Guaranty Bancorp had a return on equity of 12.61% and a net margin of 26.57%.

Several equities research analysts have recently weighed in on GBNK shares. Piper Jaffray Companies reissued a “hold” rating and issued a $32.50 price objective on shares of Guaranty Bancorp in a report on Friday, August 10th. BidaskClub raised Guaranty Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. ValuEngine downgraded Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Zacks Investment Research raised Guaranty Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, June 19th. Finally, Keefe, Bruyette & Woods raised Guaranty Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $32.00 to $38.00 in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.63.

Shares of GBNK stock traded up $0.28 during trading hours on Wednesday, hitting $30.40. The stock had a trading volume of 48,800 shares, compared to its average volume of 133,446. The company has a market capitalization of $870.47 million, a P/E ratio of 19.65, a PEG ratio of 1.54 and a beta of 0.81. Guaranty Bancorp has a twelve month low of $26.26 and a twelve month high of $35.20. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in shares of Guaranty Bancorp by 12.7% during the second quarter. Northern Trust Corp now owns 305,188 shares of the financial services provider’s stock worth $9,094,000 after purchasing an additional 34,353 shares during the period. California Public Employees Retirement System raised its position in Guaranty Bancorp by 6.9% in the second quarter. California Public Employees Retirement System now owns 59,750 shares of the financial services provider’s stock worth $1,781,000 after acquiring an additional 3,842 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Guaranty Bancorp in the second quarter worth $969,000. Bank of America Corp DE raised its position in Guaranty Bancorp by 178.5% in the second quarter. Bank of America Corp DE now owns 105,089 shares of the financial services provider’s stock worth $3,132,000 after acquiring an additional 67,361 shares in the last quarter. Finally, Pacific Sun Financial Corp purchased a new position in Guaranty Bancorp in the second quarter worth $208,000. 73.50% of the stock is owned by hedge funds and other institutional investors.

Guaranty Bancorp Company Profile

Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company accepts deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, and savings accounts, as well as certificates of deposit.

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Earnings History and Estimates for Guaranty Bancorp (NASDAQ:GBNK)

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