Today, 1,000,000 Shares of Guaranty Bancorp (GBNK) Stock are sold by John M. Eggemeyer III

Today, 1,000,000 Shares of Guaranty Bancorp (GBNK) Stock are sold by John M. Eggemeyer III

Guaranty Bancorp (NASDAQ:GBNK) Director John M. Eggemeyer III sold 1,000,000 shares of Guaranty Bancorp stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $20.75, for a total transaction of $20,750,000.00. Following the completion of the transaction, the director now directly owns 4,224 shares in the company, valued at $87,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Guaranty Bancorp (NASDAQ:GBNK) remained flat at $20.85 on Friday. 79,588 shares of the company’s stock were exchanged. Guaranty Bancorp has a 52 week low of $13.92 and a 52 week high of $21.60. The stock has a market capitalization of $579.30 million, a PE ratio of 19.88 and a beta of 1.03. The company’s 50 day moving average price is $18.82 and its 200 day moving average price is $17.51.

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

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Guaranty Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, August 15th. Sandler O’Neill raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th.

Several hedge funds and other institutional investors have recently bought and sold shares of GBNK. Rhumbline Advisers increased its position 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 in the last quarter. BlackRock Advisors LLC increased its position 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 in the last quarter. Victory Capital Management Inc. increased its position 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 in the last quarter. First Trust Advisors LP increased its position 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 in the last quarter. Finally, California State Teachers Retirement System increased its position 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 in the last quarter. Hedge funds and other institutional investors own 66.59% of the company’s stock.

Guaranty Bancorp Company Profile

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