Zacks Investment Research upgraded shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $22.00 target price on the financial services provider’s stock.
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 hold rating to a buy rating in a research note on Friday, June 2nd.
Shares of Guaranty Federal Bancshares (NASDAQ GFED) traded down 1.09% during mid-day trading on Wednesday, hitting $19.89. The stock had a trading volume of 166 shares. The stock has a 50 day moving average price of $19.91 and a 200-day moving average price of $19.75. The company has a market cap of $87.93 million, a PE ratio of 15.30 and a beta of 0.81. Guaranty Federal Bancshares has a 52-week low of $15.80 and a 52-week high of $21.95.
Guaranty Federal Bancshares (NASDAQ:GFED) last released its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Guaranty Federal Bancshares had a return on equity of 8.03% and a net margin of 18.49%. The firm had revenue of $6.83 million during the quarter, compared to the consensus estimate of $6.62 million. On average, equities analysts expect that Guaranty Federal Bancshares will post $1.43 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Guaranty Federal Bancshares by 1.2% in the first quarter. Renaissance Technologies LLC now owns 25,400 shares of the financial services provider’s stock valued at $484,000 after buying an additional 300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Guaranty Federal Bancshares by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 133,413 shares of the financial services provider’s stock valued at $2,602,000 after buying an additional 702 shares during the last quarter. Finally, FJ Capital Management LLC increased its position in Guaranty Federal Bancshares by 8.1% in the fourth quarter. FJ Capital Management LLC now owns 330,700 shares of the financial services provider’s stock valued at $7,005,000 after buying an additional 24,700 shares during the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.
Guaranty Federal Bancshares Company Profile
Guaranty Federal Bancshares, Inc is the savings and loan holding company for Guaranty Federal Savings Bank (the Bank). The Company operates through banking operation segment. The banking segment is engaged in the business of originating mortgage loans secured by one- to four-family residences, multi-family, construction, commercial and consumer loans.
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