Trade Report: Today: Guaranty Bancorp (GBNK) Director John M. Eggemeyer III Sold 1,000,000 Shares

Today: Guaranty Bancorp (GBNK) Director John M. Eggemeyer III Sold 1,000,000 Shares

Guaranty Bancorp (NASDAQ:GBNK) Director John M. Eggemeyer III sold 1,000,000 shares of the stock in a transaction that occurred 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 owns 4,224 shares in the company, valued at $87,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Guaranty Bancorp (NASDAQ:GBNK) opened at 20.85 on Monday. Guaranty Bancorp has a 1-year low of $13.92 and a 1-year 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 is $18.90 and its 200 day moving average is $17.54.

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

A number of analysts have recently issued reports on GBNK shares. Zacks Investment Research cut shares of Guaranty Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Sandler O’Neill raised shares of Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th.

Hedge funds have recently added to or reduced their stakes in the company. Penn Capital Management Co. Inc. bought a new stake in Guaranty Bancorp during the third quarter valued at $3,717,000. EJF Capital LLC increased its stake in Guaranty Bancorp by 34.5% in the third quarter. EJF Capital LLC now owns 913,788 shares of the financial services provider’s stock valued at $16,311,000 after buying an additional 234,547 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Guaranty Bancorp by 1.7% in the third quarter. Panagora Asset Management Inc. now owns 182,792 shares of the financial services provider’s stock valued at $3,263,000 after buying an additional 3,136 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Guaranty Bancorp during the third quarter valued at $231,000. Finally, Northern Trust Corp increased its stake in Guaranty Bancorp by 1.0% in the third quarter. Northern Trust Corp now owns 166,384 shares of the financial services provider’s stock valued at $2,970,000 after buying an additional 1,693 shares in the last quarter. 64.97% of the stock is currently owned by institutional investors.

Guaranty Bancorp Company Profile

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