Zacks Investment Research upgraded shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) from a hold rating to a buy rating in a research note released on Tuesday, May 30th. The firm currently has $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 1.64% during trading on Tuesday, hitting $20.48. The company’s stock had a trading volume of 3,398 shares. The firm has a market cap of $90.54 million, a P/E ratio of 15.75 and a beta of 0.62. The firm has a 50 day moving average of $19.91 and a 200 day moving average of $19.89. Guaranty Federal Bancshares has a 12 month low of $15.80 and a 12 month high of $21.95.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Guaranty Federal Bancshares had a return on equity of 8.13% and a net margin of 18.57%. The company had revenue of $6.83 million for the quarter, compared to analyst estimates of $6.62 million. Equities research analysts predict that Guaranty Federal Bancshares will post $1.43 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in GFED. Renaissance Technologies LLC increased its stake in Guaranty Federal Bancshares by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 25,100 shares of the financial services provider’s stock valued at $532,000 after buying an additional 500 shares during the period. Dimensional Fund Advisors LP increased its stake 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 period. Finally, FJ Capital Management LLC boosted 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. 28.12% of the stock is currently owned by institutional investors and hedge funds.

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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