Guaranty Bancorp (GBNK)’s Trend Down, Especially After Forming a Ascending Triangle Chart Pattern

May 18, 2018 - By Joseph Arnett

Guaranty Bancorp (NASDAQ:GBNK) Logo

Investors sentiment decreased to 2.04 in Q4 2017. Its down 0.22, from 2.26 in 2017Q3. It dived, as 5 investors sold Guaranty Bancorp shares while 22 reduced holdings. 13 funds opened positions while 42 raised stakes. 20.21 million shares or 0.40% less from 20.29 million shares in 2017Q3 were reported.
Manufacturers Life Insurance The has invested 0% in Guaranty Bancorp (NASDAQ:GBNK). Envestnet Asset Mngmt reported 95 shares or 0% of all its holdings. State Common Retirement Fund holds 0% or 38,228 shares. 2,600 are owned by Great West Life Assurance Can. Raymond James Advisors reported 7,688 shares. Banc Funds has invested 0.15% in Guaranty Bancorp (NASDAQ:GBNK). Metropolitan Life Ins New York reported 8,173 shares. Bnp Paribas Arbitrage has invested 0% in Guaranty Bancorp (NASDAQ:GBNK). Credit Suisse Ag has 31,955 shares. Broadview Advsrs Ltd Liability Com reported 300,142 shares stake. Us National Bank De has 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 322 shares. California State Teachers Retirement System, a California-based fund reported 38,167 shares. 2.06 million were reported by Franklin Incorporated. Ranger Invest Mngmt Ltd Partnership holds 98,850 shares or 0.2% of its portfolio. Gsa Capital Partners Llp has invested 0.01% in Guaranty Bancorp (NASDAQ:GBNK).

Since February 12, 2018, it had 1 insider purchase, and 12 insider sales for $1.13 million activity. On Tuesday, March 13 Miltimore Joseph E. sold $64,372 worth of Guaranty Bancorp (NASDAQ:GBNK) or 2,200 shares. $43,720 worth of Guaranty Bancorp (NASDAQ:GBNK) was sold by O’Brien Patrick Dan. On Monday, April 23 DiPetro Michael J sold $20,257 worth of Guaranty Bancorp (NASDAQ:GBNK) or 689 shares. On Tuesday, April 24 Erickson Christopher E sold $19,882 worth of Guaranty Bancorp (NASDAQ:GBNK) or 680 shares. Treece Christopher G sold 4,689 shares worth $130,870. Shares for $216,725 were sold by Noesen Michael J on Thursday, March 8.

The stock of Guaranty Bancorp (GBNK) formed an ascending triangle with $28.67 target or 6.00 % below today’s $30.50 share price. The 8 months triangle pattern indicates high risk for the $880.11 million company. If the $28.67 price target is reached, the company will be worth $52.81M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.88% or $0.56 during the last trading session, reaching $30.5. About 124,482 shares traded or 42.12% up from the average. Guaranty Bancorp (NASDAQ:GBNK) has risen 18.26% since May 18, 2017 and is uptrending. It has outperformed by 6.71% the S&P500.

Analysts await Guaranty Bancorp (NASDAQ:GBNK) to report earnings on July, 18. They expect $0.46 EPS, up 27.78 % or $0.10 from last year’s $0.36 per share. GBNK’s profit will be $13.27 million for 16.58 P/E if the $0.46 EPS becomes a reality. After $0.46 actual EPS reported by Guaranty Bancorp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Guaranty Bancorp (NASDAQ:GBNK) Ratings Coverage

Among 3 analysts covering Guaranty Bancorp (NASDAQ:GBNK), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Guaranty Bancorp had 5 analyst reports since December 21, 2017 according to SRatingsIntel. Sandler O’Neill maintained the shares of GBNK in report on Thursday, April 19 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The stock of Guaranty Bancorp (NASDAQ:GBNK) earned “Buy” rating by Sandler O’Neill on Thursday, January 25. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, April 18. As per Thursday, January 25, the company rating was maintained by Hovde Group.

Guaranty Bancorp operates as the bank holding firm for Guaranty Bank and Trust Company that provides various banking and other financial services to consumers, and small to medium-sized businesses. The company has market cap of $880.11 million. The firm 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. It has a 22.43 P/E ratio. It also offers loan products, including commercial, commercial and residential real estate, construction, agriculture, and small business administration loans, as well as installment loans to individuals and other consumer loans that include overdraft protection, lines of credit, and other consumer loans.

Guaranty Bancorp (NASDAQ:GBNK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: