Basswood Capital Management L.L.C. Raises Stake in Guild Holdings (NYSE:GHLD)

Basswood Capital Management L.L.C. increased its stake in shares of Guild Holdings (NYSE:GHLD) by 11.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 653,957 shares of the company’s stock after buying an additional 69,603 shares during the period. Basswood Capital Management L.L.C.’s holdings in Guild were worth $10,875,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GHLD. Castleview Partners LLC purchased a new position in shares of Guild during the 3rd quarter valued at $79,000. Renaissance Technologies LLC raised its stake in Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the period. Empowered Funds LLC lifted its holdings in Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new position in Guild during the second quarter worth about $10,497,000. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $20.00 target price on shares of Guild in a report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.80.

Guild Price Performance

Shares of NYSE:GHLD opened at $13.50 on Monday. The company has a 50 day moving average of $14.95 and a 200 day moving average of $15.07. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock has a market cap of $835.46 million, a P/E ratio of -8.71, a P/E/G ratio of 0.31 and a beta of 1.07. Guild Holdings has a 12 month low of $11.04 and a 12 month high of $18.25.

Guild Company Profile

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.