Zacks Investment Research upgraded shares of Guaranty Federal Bancshares (NASDAQ:GFED) from a sell rating to a hold rating in a research note issued to investors 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 upgraded Guaranty Federal Bancshares from a sell rating to a hold rating in a research note on Wednesday, May 1st.
Guaranty Federal Bancshares (NASDAQ:GFED) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $9.78 million during the quarter, compared to analyst estimates of $10.00 million. Guaranty Federal Bancshares had a net margin of 20.09% and a return on equity of 13.36%. As a group, research analysts forecast that Guaranty Federal Bancshares will post 2.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Monday, July 8th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.52 annualized dividend and a dividend yield of 2.20%. Guaranty Federal Bancshares’s dividend payout ratio (DPR) is 23.85%.
In related news, Director John F. Griesemer acquired 3,000 shares of Guaranty Federal Bancshares stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $22.92 per share, for a total transaction of $68,760.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 29.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Guaranty Federal Bancshares by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 140,841 shares of the financial services provider’s stock worth $3,076,000 after purchasing an additional 3,590 shares in the last quarter. Context BH Capital Management LP purchased a new stake in shares of Guaranty Federal Bancshares in the 1st quarter worth $1,462,000. Finally, Renaissance Technologies LLC increased its stake in shares of Guaranty Federal Bancshares by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 31,400 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.
Guaranty Federal Bancshares Company Profile
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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