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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

10 Bank Stocks in the M&A Crosshairs (Update 2)

5. Guaranty Bancorp

Shares of Guaranty Bancorp (GBNK) of Denver closed at $1.75 Friday, returning 24% over the previous year.

The company was originally mentioned as a takeout candidate by FBR analyst Brett Scheiner in early 2011. Scheiner now says that "the company continues to improve operating results, though an impressive return on equity seems allusive." On the likelihood of a near-term takeout, the analyst says "it would seem in the next six months they can create more value by continuing operations of the bank."

Guaranty reported a 2011 loss to common shareholders of $13.4 million, or 21 cents a share, narrowing from a loss of $37.0 million, or 72 cents a share, in 2010, with the provision for loan losses declining to $5 million in 2010 from $34.4 million, a year earlier.

Fourth-quarter earnings to common shareholders were $2.3 million, or two cents a shares, compared to a loss of $22.6 million, or 44 cents a share, in the fourth quarter of 2010.

The shares trade for 1.1 times tangible book value, according to HighlineFI, and for 28 times the consensus 2012 EPS estimate of six cents.

Roth Capital Partners analyst Dave King has a neutral rating on Guaranty Bancorp, with a price target of $1.75, saying on Feb. 6 that the company's fourth quarter "exceeded expectations on a stronger margin and a resumption in loan growth," with the net interest margin increasing by "24 basis points sequentially to 3.86% after last quarter's early repayment of $51.0M in [Federal Home Loan Bank borrowings] and due to the continued runoff of brokered time deposits."

Interested in more on Guaranty Bancorp? See TheStreet Ratings' report card for this stock.

Stock quotes in this article: COF, PNC, FNFG, BXS, FMBI, SBCF, MBFI, PNFP, VPFG, OKSB, FCAL, GBNK, EBTX 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,501.65 0.00 0.00%
S&P 500 1,878.61 +3.22 0.17%
NASDAQ 4,148.3380 +21.3710 0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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