Guaranty Federal Bancshares (NASDAQ:GFED) downgraded by Zacks Investment Research

Guaranty Federal Bancshares (NASDAQ:GFED – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Guaranty Federal Bancshares, Inc. has a subsidiary 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 origination company. Office in Webster County. Guaranty Bank is a member of the MoneyPass and TransFund ATM networks that provide customers with free access to more than 24,000 ATMs nationwide.”

Separately, Raymond James raised its target price on Guaranty Federal Bancshares from $27.00 to $37.00 and gave the stock an “outperform” rating in a Tuesday, January 25 research note.

Shares of GFED rose $0.01 in midday trading on Monday, hitting $32.13. 6,380 shares of the company were traded, against an average volume of 10,005. The stock has a market capitalization of $140.89 million, a PE ratio of 13.17 and a beta of 0.62. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt ratio of 0.47. Guaranty Federal Bancshares has a 1-year low of $19.04 and a 1-year high of $34.86. The company’s 50-day simple moving average is $32.48.

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Guaranty Federal Bancshares (NASDAQ:GFED – Get a rating) last released its quarterly earnings data on Thursday, January 20. The financial services provider reported earnings per share of $0.57 for the quarter, missing the Zacks consensus estimate of $0.58 per ($0.01). The company posted revenue of $11.74 million for the quarter, compared to analysts’ expectations of $11.00 million. Guaranty Federal Bancshares posted a return on equity of 11.33% and a net margin of 19.39%. On average, equity research analysts expect Guaranty Federal Bancshares to post 2.04 EPS for the current year.

A number of hedge funds have recently increased or reduced their holdings in the GFED. Acadian Asset Management LLC increased its stake in Guaranty Federal Bancshares by 180.4% in the fourth quarter. Acadian Asset Management LLC now owns 774 shares of the financial services provider valued at $25,000 after buying an additional 498 shares in the last quarter. Applied Capital LLC acquired a new stake in Guaranty Federal Bancshares during Q4 for $207,000. Stifel Financial Corp acquired a new position in Guaranty Federal Bancshares during Q4 for a value of approximately $439,000. Simmons Bank increased its holdings of Guaranty Federal Bancshares shares by 146.8% in the third quarter. Simmons Bank now owns 27,890 shares of the financial services provider valued at $671,000 after buying an additional 16,590 shares in the last quarter. Finally, BHZ Capital Management LP increased its stake in Guaranty Federal Bancshares by 13.4% during the 4th quarter. BHZ Capital Management LP now owns 25,673 shares of the financial services provider valued at $835,000 after buying 3,037 additional shares in the last quarter. Institutional investors hold 30.53% of the company’s shares.

Guaranty Federal Bancshares Company Profile (Get a rating)

Guaranty Federal Bancshares, Inc operates as a bank holding company. The company engages in the provision of financial and banking services. It focuses on investing deposits in commercial real estate loans, multi-family residential mortgages, construction loans, one to four family permanent residential mortgages, business loans, consumer loans and others.

See also

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