Guaranty Bancorp (GBNK) Could Burn Your Portfolio. The Stock Formed Wedge Down Pattern

September 17, 2017 - By Peter Erickson

Investors sentiment increased to 3.56 in 2016 Q4. Its up 2.21, from 1.35 in 2016Q3. It improved, 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.
United Capital Fincl Advisers Limited Liability Co, California-based fund reported 46,141 shares. Raymond James Financial stated it has 11,278 shares. Wells Fargo Mn stated it has 0% in Guaranty Bancorp (NASDAQ:GBNK). First Manhattan invested in 21,000 shares or 0% of the stock. Citigroup Inc invested in 18,682 shares or 0% of the stock. 95 are owned by Envestnet Asset Inc. Cornerstone Cap Mngmt Holdg Ltd Co has invested 0.01% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK). Eam Investors Limited Liability invested 0.13% in Guaranty Bancorp (NASDAQ:GBNK). State Common Retirement Fund has invested 0% in Guaranty Bancorp (NASDAQ:GBNK). Ejf Capital Ltd Liability Co holds 1.65% of its portfolio in Guaranty Bancorp (NASDAQ:GBNK) for 913,788 shares. Fj Cap Mgmt Ltd Co reported 1.01 million shares or 3.62% of all its holdings. Tiaa Cref Investment Ltd Liability Corp invested in 74,730 shares. Mendon has 677,406 shares for 1.68% of their portfolio. Rmb Capital Limited Company accumulated 475,153 shares or 0.62% of the stock. Nordea Invest Mngmt holds 0% or 47,500 shares.

Since May 26, 2017, it had 1 buying transaction, 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.

Analysts expect Guaranty Bancorp (NASDAQ:GBNK) to report $0.37 EPS on October, 25.They anticipate $0.05 EPS change or 15.63 % from last quarter’s $0.32 EPS. GBNK’s profit would be $10.51 million giving it 17.40 P/E if the $0.37 EPS is correct. After having $0.36 EPS previously, Guaranty Bancorp’s analysts see 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. PiperJaffray downgraded Guaranty Bancorp (NASDAQ:GBNK) on Tuesday, July 11 to “Neutral” rating. The rating was upgraded by Sandler O’Neill on Thursday, October 27 to “Buy”. Keefe Bruyette & Woods maintained Guaranty Bancorp (NASDAQ:GBNK) on Thursday, June 22 with “Buy” rating. Piper Jaffray downgraded Guaranty Bancorp (NASDAQ:GBNK) on Tuesday, July 11 to “Hold” rating. The stock of Guaranty Bancorp (NASDAQ:GBNK) has “Market Perform” rating given on Thursday, August 13 by FIG Partners. Wood upgraded Guaranty Bancorp (NASDAQ:GBNK) rating on Tuesday, April 12. Wood has “Outperform” rating and $19 target. As per Thursday, July 20, the company rating was downgraded 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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