Zacks Investment Research upgraded shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) from a hold rating to a buy rating in a research report sent to investors on Tuesday 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. “

Guaranty Federal Bancshares (NASDAQ:GFED) traded up 0.0000% during trading on Tuesday, hitting $19.9299. Guaranty Federal Bancshares has a one year low of $15.80 and a one year high of $21.95. The stock has a market capitalization of $87.17 million, a price-to-earnings ratio of 15.3307 and a beta of 0.81. The stock has a 50-day moving average of $19.81 and a 200 day moving average of $19.43.

Guaranty Federal Bancshares (NASDAQ:GFED) last released its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Guaranty Federal Bancshares had a net margin of 18.49% and a return on equity of 8.03%. The firm had revenue of $6.83 million for the quarter, compared to analysts’ expectations of $6.62 million. On average, equities analysts anticipate that Guaranty Federal Bancshares will post $1.43 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in GFED. Renaissance Technologies LLC raised its position in shares of 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 worth $484,000 after buying an additional 300 shares during the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. Finally, FJ Capital Management LLC raised 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 in the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

About Guaranty Federal Bancshares

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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