Guaranty Bancorp (GBNK) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Guaranty Bancorp (NASDAQ:GBNK) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods upgraded Guaranty Bancorp from a market perform rating to an outperform rating and lifted their target price for the stock from $32.00 to $38.00 in a research report on Wednesday, July 25th. Piper Jaffray Companies reiterated a hold rating and set a $32.50 target price on shares of Guaranty Bancorp in a research report on Friday, August 10th. Zacks Investment Research upgraded Guaranty Bancorp from a hold rating to a buy rating and set a $36.00 target price on the stock in a research report on Tuesday, June 19th. Finally, ValuEngine cut Guaranty Bancorp from a buy rating to a hold rating in a research report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $34.63.

GBNK opened at $30.40 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.97 and a current ratio of 0.97. Guaranty Bancorp has a one year low of $26.26 and a one year high of $35.20. The stock has a market cap of $870.47 million, a PE ratio of 19.87, a PEG ratio of 1.54 and a beta of 0.81.

Guaranty Bancorp (NASDAQ:GBNK) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. Guaranty Bancorp had a return on equity of 12.61% and a net margin of 26.57%. The business had revenue of $40.23 million for the quarter, compared to analysts’ expectations of $40.23 million. As a group, equities research analysts anticipate that Guaranty Bancorp will post 1.93 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Pacific Sun Financial Corp acquired a new position in Guaranty Bancorp in the 2nd quarter valued at about $208,000. FMR LLC acquired a new position in Guaranty Bancorp in the 2nd quarter valued at about $268,000. Alps Advisors Inc. increased its position in Guaranty Bancorp by 10.3% in the 2nd quarter. Alps Advisors Inc. now owns 18,029 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 1,677 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Guaranty Bancorp in the 2nd quarter valued at about $596,000. Finally, WINTON GROUP Ltd acquired a new position in Guaranty Bancorp in the 1st quarter valued at about $670,000. Hedge funds and other institutional investors own 73.50% of the company’s stock.

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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