Guaranty Federal Bancshares (NASDAQ:GFED) Upgraded to “Hold” by Zacks Investment Research

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

Shares of NASDAQ:GFED opened at $23.65 on Tuesday. The stock’s 50-day moving average is $23.54 and its 200 day moving average is $23.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $105.24 million, a PE ratio of 9.79 and a beta of 0.03. Guaranty Federal Bancshares has a 1 year low of $20.11 and a 1 year high of $27.39.

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, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $9.78 million for the quarter, compared to analysts’ expectations of $10.00 million. Guaranty Federal Bancshares had a return on equity of 13.36% and a net margin of 20.09%. Analysts expect that Guaranty Federal Bancshares will post 2.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 8th were given a dividend of $0.13 per share. The ex-dividend date was Friday, July 5th. This represents a $0.52 annualized dividend and a yield of 2.20%. Guaranty Federal Bancshares’s payout ratio is 23.85%.

In other news, Director John F. Griesemer acquired 3,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were acquired at an average cost of $22.92 per share, with a total value of $68,760.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 29.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Guaranty Federal Bancshares by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 140,841 shares of the financial services provider’s stock valued at $3,076,000 after acquiring an additional 3,590 shares in the last quarter. Context BH Capital Management LP bought a new stake in Guaranty Federal Bancshares during the 1st quarter valued at approximately $1,462,000. Finally, Renaissance Technologies LLC boosted its position in Guaranty Federal Bancshares by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 31,400 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 1,000 shares in the last quarter. 27.44% of the stock is currently 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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