Vanguard Group Inc. boosted its position in shares of Guaranty Bancorp (NASDAQ:GBNK) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133,616 shares of the financial services provider’s stock after acquiring an additional 6,492 shares during the quarter. Vanguard Group Inc. owned 3.87% of Guaranty Bancorp worth $33,668,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Guaranty Bancorp by 2.0% in the 3rd quarter. BlackRock Inc. now owns 1,928,795 shares of the financial services provider’s stock valued at $57,284,000 after buying an additional 37,956 shares during the period. Northern Trust Corp increased its holdings in shares of Guaranty Bancorp by 12.7% in the second quarter. Northern Trust Corp now owns 305,188 shares of the financial services provider’s stock valued at $9,094,000 after purchasing an additional 34,353 shares during the period. Chicago Capital Management LLC acquired a new position in shares of Guaranty Bancorp in the third quarter valued at approximately $3,589,000. Alliancebernstein L.P. increased its holdings in shares of Guaranty Bancorp by 5.2% in the third quarter. Alliancebernstein L.P. now owns 119,177 shares of the financial services provider’s stock valued at $3,540,000 after purchasing an additional 5,933 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of 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 valued at $3,132,000 after purchasing an additional 67,361 shares during the period. Institutional investors own 72.77% of the company’s stock.
Shares of Guaranty Bancorp stock traded down $0.45 during trading on Tuesday, reaching $20.75. The company’s stock had a trading volume of 826,696 shares, compared to its average volume of 156,166. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.95. Guaranty Bancorp has a 12-month low of $18.78 and a 12-month high of $35.20. The company has a market cap of $607.98 million, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14.
A number of research firms have recently issued reports on GBNK. Zacks Investment Research lowered Guaranty Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. BidaskClub lowered Guaranty Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, December 8th. Finally, ValuEngine lowered Guaranty Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.63.
ILLEGAL ACTIVITY NOTICE: “Guaranty Bancorp (GBNK) Shares Bought by Vanguard Group Inc.” was first reported by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2019/02/12/guaranty-bancorp-gbnk-shares-bought-by-vanguard-group-inc.html.
About Guaranty Bancorp
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.
Featured Story: Risk Tolerance
Want to see what other hedge funds are holding GBNK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guaranty Bancorp (NASDAQ:GBNK).
Receive News & Ratings for Guaranty Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Guaranty Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.