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

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

Shares of NASDAQ:GFED opened at $23.85 on Tuesday. The business has a fifty day moving average of $23.50. The company has a market cap of $104.32 million, a price-to-earnings ratio of 10.94 and a beta of 0.03. Guaranty Federal Bancshares has a one year low of $20.11 and a one year high of $27.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.01.

Guaranty Federal Bancshares (NASDAQ:GFED) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $9.78 million for the quarter, compared to analyst estimates of $10.00 million. Guaranty Federal Bancshares had a net margin of 20.09% and a return on equity of 13.49%. As a group, research analysts forecast that Guaranty Federal Bancshares will post 2.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Monday, July 8th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, July 5th. Guaranty Federal Bancshares’s dividend payout ratio is currently 23.85%.

In other news, Director John F. Griesemer purchased 3,000 shares of the company’s stock in a transaction 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 SEC, which can be accessed through the SEC website. 29.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 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 buying an additional 1,000 shares during the period. 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 buying an additional 3,590 shares during the period. Finally, Context BH Capital Management LP purchased a new stake in Guaranty Federal Bancshares during the 1st quarter valued at $1,462,000. 27.44% of the stock is owned by institutional investors and hedge funds.

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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