Guaranty Federal Bancshares (NASDAQ:GFED) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Guaranty Federal Bancshares (NASDAQ:GFED) from a sell rating to a hold rating in a report issued on Monday, 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 upgraded Guaranty Federal Bancshares from a sell rating to a hold rating in a report on Wednesday, May 1st.

Guaranty Federal Bancshares stock opened at $23.64 on Monday. Guaranty Federal Bancshares has a 12-month low of $20.11 and a 12-month high of $27.39. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.97. The business’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $23.14. The stock has a market cap of $105.01 million, a PE ratio of 10.84 and a beta of 0.03.

Guaranty Federal Bancshares (NASDAQ:GFED) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Guaranty Federal Bancshares had a return on equity of 13.36% and a net margin of 20.09%. The firm had revenue of $9.78 million for the quarter, compared to analysts’ expectations of $10.00 million. As a group, analysts expect that Guaranty Federal Bancshares will post 2.13 earnings per share for the current year.

In other news, Director John F. Griesemer purchased 3,000 shares of Guaranty Federal Bancshares stock in a transaction dated Wednesday, May 29th. The shares were bought at an average cost of $22.92 per share, for a total transaction of $68,760.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 29.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GFED. Context BH Capital Management LP acquired a new position in shares of Guaranty Federal Bancshares in the first quarter worth approximately $1,462,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $3,076,000 after acquiring an additional 3,590 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 worth $730,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 27.64% of the company’s stock.

About Guaranty Federal Bancshares

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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