Guaranty Bancorp (GBNK) Formed a Wedge Down, Could Be One of The Worst Performers Going Forward

September 17, 2017 - By Clifton Ray

Investors sentiment increased to 3.56 in Q4 2016. 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.
Dupont Mngmt Corporation reported 29,551 shares. Forest Hill Cap Ltd Co owns 539,833 shares or 4.22% of their US portfolio. Manufacturers Life Company The accumulated 0% or 12,470 shares. National Bank Of Ny Mellon Corp owns 111,158 shares. State Street invested in 0% or 263,191 shares. Bnp Paribas Arbitrage accumulated 0% or 960 shares. Emerald Mutual Fund Advisers holds 0.03% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 22,506 shares. Royal Bancorporation Of Canada reported 8,160 shares stake. California State Teachers Retirement Systems, a California-based fund reported 35,978 shares. 1.01 million were accumulated by Fj Cap Mgmt Ltd Liability. Vanguard Inc reported 799,117 shares. Maltese Capital Ltd Liability Company stated it has 0.62% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Tfs Cap Lc holds 13,215 shares or 0.09% of its portfolio. Citigroup owns 18,682 shares or 0% of their US portfolio. Franklin Res reported 0.03% in Guaranty Bancorp (NASDAQ:GBNK).

Since May 26, 2017, it had 1 buying transaction, and 0 insider sales 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.

Wall Street await Guaranty Bancorp (NASDAQ:GBNK) to release earnings on October, 25. Analysts forecast EPS of $0.37, up exactly $0.05 or 15.63 % from 2014’s $0.32 EPS. The expected GBNK’s profit could reach $10.51M giving the stock 17.40 P/E in the case that $0.37 earnings per share is reported. After posting $0.36 EPS for the previous quarter, Guaranty Bancorp’s analysts now forecast 2.78 % EPS growth.

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 Piper Jaffray on Tuesday, July 11 to “Hold”. Keefe Bruyette & Woods downgraded the shares of GBNK in report on Thursday, July 20 to “Hold” rating. Wood upgraded it to “Outperform” rating and $19 target in Tuesday, April 12 report. The stock of Guaranty Bancorp (NASDAQ:GBNK) has “Neutral” rating given on Tuesday, July 11 by PiperJaffray. The firm has “Buy” rating given on Thursday, October 27 by Sandler O’Neill. As per Thursday, June 22, the company rating was maintained by Keefe Bruyette & Woods. On Thursday, August 13 the stock rating was upgraded by FIG Partners to “Market Perform”.

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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