Guaranty Bancorp (NASDAQ:GBNK) Given Price Target Of $18.5


As per Guaranty Bancorp (NASDAQ:GBNK)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.115 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-22 and 2016-08-29, respectively.

The stock will commence trading ex-dividend from 2016-08-18, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Guaranty Bancorp (NASDAQ:GBNK) disbursed $0.115 in dividend compared to distribution of $0.115, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 100%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Guaranty Bancorp (NASDAQ:GBNK) to attain a price target of $18.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $19. The low price range is set at $18 for next year while the arithmetic mean is seen at 1.33.

Eyeing Earnings Guaranty Bancorp (NASDAQ:GBNK) is likely to post quarterly numbers around 2016-10-12 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.25 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Guaranty Bancorp (NASDAQ:GBNK) earnings came at $0.29 suggesting a deviation of $0. The brokerages targeted EPS of $0.29 for the quarter.

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