What’s in Guaranty Bancorp (GBNK) After Forming Wedge Down?

September 17, 2017 - By Vivian Currie

Investors sentiment increased to 3.56 in 2016 Q4. Its up 2.21, from 1.35 in 2016Q3. It is positive, as 4 investors sold Guaranty Bancorp shares while 14 reduced holdings. 25 funds opened positions while 39 raised stakes. 37.85 million shares or 114.66% more from 17.63 million shares in 2016Q3 were reported.
Fj Management Ltd Liability has 1.01M shares. Royal Bancshares Of Canada holds 0% or 8,160 shares in its portfolio. 306,817 are held by Stieven Cap Advisors Ltd Partnership. Blackrock Invest Management Ltd Liability Com has 65,492 shares. Vanguard Gru Inc owns 0% invested in Guaranty Bancorp (NASDAQ:GBNK) for 799,117 shares. Bnp Paribas Arbitrage owns 960 shares. Tfs Capital Limited Liability has 0.09% invested in Guaranty Bancorp (NASDAQ:GBNK). Envestnet Asset Mgmt stated it has 95 shares or 0% of all its holdings. Federated Investors Pa accumulated 199 shares or 0% of the stock. Phocas Financial Corporation reported 259,732 shares. Northern Corp owns 191,302 shares. Citigroup Incorporated holds 0% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 18,682 shares. Clarivest Asset Management Llc holds 0.04% or 56,447 shares. Manufacturers Life Insurance The reported 0% in Guaranty Bancorp (NASDAQ:GBNK). Mesirow Financial Inv Management reported 0.02% stake.

Since May 26, 2017, it had 1 insider buy, and 0 selling transactions for $2,052 activity.

The stock of Guaranty Bancorp (GBNK) formed a down wedge with $23.95 target or 7.00 % below today’s $25.75 share price. The 5 months wedge indicates high risk for the $731.47 million company. If the $23.95 price target is reached, the company will be worth $51.20M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.34% or $0.35 on September 15, reaching $25.75. About 735,294 shares traded or 555.59% up from the average. Guaranty Bancorp (NASDAQ:GBNK) has risen 55.26% since September 17, 2016 and is uptrending. It has outperformed by 38.56% the S&P500.

Investors wait Guaranty Bancorp (NASDAQ:GBNK) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.37 earnings per share, up $0.05 or 15.63 % from last year’s $0.32 same quarter earnings. This translates into $10.51M profit for GBNK giving the stock a 17.40 P/E. This is assuming the current $0.37 EPS is accurate. Guaranty Bancorp’s Wall Street analysts see 2.78 % EPS growth, taking into account the $0.36 EPS reproted in the previous quarter,

Guaranty Bancorp (NASDAQ:GBNK) Ratings Coverage

Among 7 analysts covering Guaranty Bancorp (NASDAQ:GBNK), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Guaranty Bancorp had 9 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was downgraded by PiperJaffray on Tuesday, July 11 to “Neutral”. The rating was upgraded by FIG Partners to “Market Perform” on Thursday, August 13. The stock has “Hold” rating by Piper Jaffray on Tuesday, July 11. The stock of Guaranty Bancorp (NASDAQ:GBNK) earned “Outperform” rating by Wood on Tuesday, April 12. The firm earned “Buy” rating on Thursday, October 27 by Sandler O’Neill. The stock of Guaranty Bancorp (NASDAQ:GBNK) has “Hold” rating given on Thursday, July 20 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, June 22 by Keefe Bruyette & Woods.

Another recent and important Guaranty Bancorp (NASDAQ:GBNK) news was published by Marketwired.com which published an article titled: “Guaranty Bancorp announces second consecutive quarter of record net income and …” on July 19, 2017.

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