This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Bank Stocks Beating Analysts' Price Targets

8. Guaranty Bancorp

Shares of Guaranty Bancorp (GBNK) of Denver closed at $1.40 Monday, down 1% year-to-date. The shares were 12% ahead of the consensus price target of $1.25 at the end of last year.

The company had $1.7 billion in total assets as of Sept. 30, with 34 branches in and around Denver.

Guaranty Bancorp reported a third-quarter net loss applicable to common stockholders of $14.6 million, or 28 cents a share, which "included a non-cash adjustment of approximately $16.8 million, or $0.32 per basic and diluted common share, related to the regular quarterly paid-in-kind dividend on the Company's Series A Convertible Preferred Stock and the previously announced transaction that accelerated the conversion of the Series A Convertible Preferred Stock into common stock.

Excluding the preferred stock conversion, third-quarter net income was $2.2 million, improving from a net loss of $4.0 million a year earlier. A decline in third-quarter net interest income to $15.1 million from $16.2 million a year earlier, was more than offset by a decline in the provision for loan losses to $1 million from $2.5 million. The earnings improvement also reflected a $3.0 million gain on the sale of securities during the third quarter.

The third-quarter ROA was 0.49% according to SNL.

With the preferred stock conversion, Guaranty Bancorp reported a tangible common equity ratio of 9.4% as of Sept. 30, improving from 5.0% the previous quarter.

The company's ratio of nonperforming assets to total assets improved to 3.20% as of Sept. 30, from 6.00% a year earlier.

KBW analyst Brian Klock took over his firm's coverage of Guaranty Bancorp on Oct. 27, keeping the neutral rating reiterated by Aaron Jacobson on Oct. 21, with a price target of $1.60. Jacobson said Guaranty Bancorp had made "progress on many fronts" during the fourth quarter, "with capital, credit, and the NIM looking a lot better than a year ago."

The shares trade for 27 times the consensus 2012 EPS estimate of 5 cents among analysts polled by FactSet, and for 0.9 times tangible book value, according to SNL.

4 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BAC $15.42 0.06%
C $51.19 -0.37%
CFFN $12.47 0.56%
JPM $59.54 -0.12%
PNFP $44.15 1.30%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs