The stock is trading at $29.35 which is a tad above $27.33, the 50 day moving average and impressively higher than the 200 day moving average of $26.23. The 50 day moving average was up by +7.41% and the 200 day average moved up $3.12. 786 shares changed hands on Tuesday. Trading volume was down 99.41% under the stocks average daily volume.
Traders are feeling more bearish on the company lately if you watch the increase in short interest. The firm recorded a rise in short interest of 0.41% as of September 29, 2017 from the last reporting period. Short interest grew 2,578 over that period. Days to cover increased 1.0 to 4.0 and the short interest percentage is 0.02% as of September 29.
These funds have shifted positions in (GBNK). As of the end of the quarter Patriot Financial Partners Gp, Lp had sold 450,000 shares trimming its stake by 19.2%. The value of the total investment in Guaranty Bancorp decreased from $57,022,000 to $51,456,000 decreasing 9.8% quarter over quarter. As of quarter end Fj Capital Management LLC had disposed of a total of 15,500 shares trimming its position 1.5%. The value of the company’s investment in Guaranty Bancorp went from $24,863,000 to $27,354,000 a change of 10.0% for the reporting period.
Mesirow Financial Investment Management International Equity expanded its stake by buying 515 shares an increase of 4.2% in the quarter. Mesirow Financial Investment Management International Equity now controls 12,759 shares valued at $355,000. The value of the position overall is up by 6.6%. As of the end of the quarter Meeder Asset Management Inc had bought a total of 328 shares growing its holdings by 59.6%. The value of the investment in GBNK increased from $15,000 to $24,000 a change of $9,000 since the last quarter.
On July 20 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $27.00 was set by analysts at Keefe Bruyette & Woods.
The company is trading down by 1.84%% since yesterday’s close of 29.9. Guaranty Bancorp also recently declared a dividend which was paid on Friday August 25th, 2017. The dividend payment was $0.125 per share for the quarter or $0.50 on an annualized basis. The dividend yield was $1.67. The ex-dividend date was set for Wednesday the 16th of August 2017.
The P/E ratio is currently 23.84 and the market cap is 819.39M. In the last earnings report the EPS was $1.23 and is estimated to be $1.46 for the current year with 27,918,000 shares now outstanding. Next quarter’s EPS is estimated at $0.39 and the next full year EPS is anticipated to be $1.65.
Guaranty Bancorp, launched on March 3, 2004, is a bank holding company. The Business’s bank subsidiary is Guaranty Bank and Trust Company (the Bank). As of December 31, 2016, the Company operated 32 branches and two investment management firms, 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 consumers 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..