ValuEngine upgraded shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

Separately, Zacks Investment Research upgraded Guaranty Federal Bancshares from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Tuesday, May 30th.

Guaranty Federal Bancshares (NASDAQ:GFED) opened at 22.22 on Wednesday. Guaranty Federal Bancshares has a one year low of $15.89 and a one year high of $23.71. The stock’s 50 day moving average is $21.58 and its 200 day moving average is $20.50. The stock has a market capitalization of $98.23 million, a price-to-earnings ratio of 16.10 and a beta of 0.60.

Guaranty Federal Bancshares (NASDAQ:GFED) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Guaranty Federal Bancshares had a return on equity of 8.51% and a net margin of 18.91%. The firm had revenue of $7.26 million for the quarter, compared to analysts’ expectations of $6.90 million. On average, equities analysts forecast that Guaranty Federal Bancshares will post $1.44 EPS for the current year.

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In related news, major shareholder Castle Creek Capital Partners purchased 24,782 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $20.88 per share, for a total transaction of $517,448.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. ZPR Investment Management grew its holdings in shares of Guaranty Federal Bancshares by 1.2% during the second quarter. ZPR Investment Management now owns 15,678 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 188 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Guaranty Federal Bancshares by 1.2% during the first quarter. Renaissance Technologies LLC now owns 25,400 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 300 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Guaranty Federal Bancshares by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 133,413 shares of the financial services provider’s stock worth $2,602,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 25.77% of the company’s stock.

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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