Guaranty Federal Bancshares (NASDAQ:GFED) Upgraded at Zacks Investment Research

Guaranty Federal Bancshares (NASDAQ:GFED) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Guaranty Federal Bancshares, Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri, and has nine full-service branches in Greene and Christian Counties and a Loan Production Office in Webster County. Guaranty Bank is a member of the MoneyPass and TransFund ATM networks which provide its customers surcharge free access to over 24,000 ATMs nationwide. “

Separately, ValuEngine raised shares of Guaranty Federal Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

Shares of GFED stock traded up $0.49 on Tuesday, hitting $23.85. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 3,854. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $23.50. Guaranty Federal Bancshares has a fifty-two week low of $20.11 and a fifty-two week high of $27.39. The company has a market cap of $104.32 million, a P/E ratio of 10.94 and a beta of 0.03.

Guaranty Federal Bancshares (NASDAQ:GFED) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Guaranty Federal Bancshares had a net margin of 20.09% and a return on equity of 13.49%. The business had revenue of $9.78 million during the quarter, compared to analysts’ expectations of $10.00 million. On average, sell-side analysts anticipate that Guaranty Federal Bancshares will post 2.13 earnings per share for the current year.

In other news, Director John F. Griesemer acquired 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $22.92 per share, with a total value of $68,760.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 29.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of GFED. Dimensional Fund Advisors LP lifted its stake in Guaranty Federal Bancshares by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 140,841 shares of the financial services provider’s stock valued at $3,076,000 after buying an additional 3,590 shares in the last quarter. Context BH Capital Management LP bought a new position in Guaranty Federal Bancshares in the first quarter valued at approximately $1,462,000. Finally, Renaissance Technologies LLC lifted its stake in Guaranty Federal Bancshares by 3.3% in the second quarter. Renaissance Technologies LLC now owns 31,400 shares of the financial services provider’s stock valued at $730,000 after buying an additional 1,000 shares in the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

Guaranty Federal Bancshares Company Profile

Guaranty Federal Bancshares, Inc operates as the bank holding company for Guaranty Bank that provides a range of banking and mortgage services to individual and corporate customers in southwest Missouri. The company's deposit products include checking accounts, money market accounts, savings accounts, fixed-term certificates of deposit, and individual retirement accounts, as well as demand deposits and NOW accounts.

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