Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $22.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.73% from the company’s current price.

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 1.11% during midday trading on Tuesday, hitting $20.05. 1,806 shares of the company traded hands. Guaranty Federal Bancshares has a 12-month low of $15.55 and a 12-month high of $21.95. The firm has a market capitalization of $88.64 million, a PE ratio of 15.42 and a beta of 0.81. The stock’s 50-day moving average is $19.83 and its 200-day moving average is $19.40.

Guaranty Federal Bancshares (NASDAQ:GFED) last announced its earnings results on Tuesday, April 18th. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $6.83 million during the quarter, compared to analysts’ expectations of $6.62 million. Analysts anticipate that Guaranty Federal Bancshares will post $1.43 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in GFED. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $2,602,000 after buying an additional 702 shares in the last quarter. Finally, FJ Capital Management LLC boosted its stake in shares of 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 worth $7,005,000 after buying an additional 24,700 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

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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