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 released 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 cut shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a report on Wednesday, September 4th.

NASDAQ GFED traded down $0.03 during trading on Tuesday, reaching $23.29. 1,239 shares of the stock traded hands, compared to its average volume of 4,417. The firm has a market cap of $104.17 million, a price-to-earnings ratio of 10.68 and a beta of 0.04. The stock’s 50-day moving average price is $23.73 and its 200 day moving average price is $23.26. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.97. Guaranty Federal Bancshares has a fifty-two week low of $20.11 and a fifty-two week high of $27.39.

Guaranty Federal Bancshares (NASDAQ:GFED) last released its quarterly earnings results 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 company had revenue of $9.78 million during the quarter, compared to analysts’ expectations of $10.00 million. Guaranty Federal Bancshares had a net margin of 20.09% and a return on equity of 13.36%. Analysts anticipate that Guaranty Federal Bancshares will post 2.13 EPS for the current fiscal year.

A hedge fund recently raised its stake in Guaranty Federal Bancshares stock. Renaissance Technologies LLC increased its holdings in shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,400 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.70% of Guaranty Federal Bancshares worth $730,000 as of its most recent SEC filing. 27.94% of the stock is currently owned by institutional investors.

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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