Trade Report: Today, Insider Selling: Guaranty Bancorp (GBNK) Director Sold $20,760,000.00 in Stock

Today, Insider Selling: Guaranty Bancorp (GBNK) Director Sold $20,760,000.00 in Stock

Guaranty Bancorp (NASDAQ:GBNK) Director W Kirk Wycoff sold 1,000,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $20.76, for a total transaction of $20,760,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

W Kirk Wycoff also recently made the following trade(s): On Wednesday, November 16th, W Kirk Wycoff sold 95,043 shares of Guaranty Bancorp stock. The stock was sold at an average price of $20.41, for a total transaction of $1,939,827.63. On Monday, September 12th, W Kirk Wycoff sold 2,662 shares of Guaranty Bancorp stock. The stock was sold at an average price of $18.00, for a total transaction of $47,916.00. On Thursday, September 8th, W Kirk Wycoff sold 41,609 shares of Guaranty Bancorp stock. The stock was sold at an average price of $18.01, for a total transaction of $749,378.09. On Friday, September 2nd, W Kirk Wycoff sold 57,627 shares of Guaranty Bancorp stock. The stock was sold at an average price of $18.07, for a total transaction of $1,041,319.89.

Guaranty Bancorp (NASDAQ:GBNK) opened at 20.85 on Friday. Guaranty Bancorp has a 52 week low of $13.92 and a 52 week high of $21.60. The firm has a market cap of $579.30 million, a price-to-earnings ratio of 19.88 and a beta of 1.03. The company has a 50-day moving average of $18.82 and a 200-day moving average of $17.51.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, November 18th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 16th. Guaranty Bancorp’s payout ratio is 43.40%.

Several research firms have recently weighed in on GBNK. Zacks Investment Research lowered shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Sandler O’Neill upgraded shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th.

A number of large investors have recently bought and sold shares of GBNK. Rhumbline Advisers boosted its stake in Guaranty Bancorp by 0.5% in the third quarter. Rhumbline Advisers now owns 19,272 shares of the financial services provider’s stock worth $344,000 after buying an additional 100 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Guaranty Bancorp by 2.4% in the second quarter. BlackRock Advisors LLC now owns 7,533 shares of the financial services provider’s stock worth $126,000 after buying an additional 173 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Guaranty Bancorp by 0.4% in the second quarter. Victory Capital Management Inc. now owns 52,345 shares of the financial services provider’s stock worth $874,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP boosted its stake in Guaranty Bancorp by 0.9% in the third quarter. First Trust Advisors LP now owns 28,666 shares of the financial services provider’s stock worth $512,000 after buying an additional 267 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Guaranty Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 31,778 shares of the financial services provider’s stock worth $567,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 66.59% of the company’s stock.

Guaranty Bancorp Company Profile

Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company 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.

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