Guaranty Federal Bancshares (GFED) Earns “Buy” Rating from Raymond James Financial

Raymond James Financial reaffirmed their buy rating on shares of Guaranty Federal Bancshares (NASDAQ:GFED) in a research report sent to investors on Monday morning. The firm currently has a $25.00 target price on the financial services provider’s stock.

Several other brokerages have also commented on GFED. ValuEngine lowered shares of Guaranty Federal Bancshares from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Guaranty Federal Bancshares from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Thursday, October 19th.

Shares of Guaranty Federal Bancshares (NASDAQ:GFED) opened at $21.45 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.07 and a current ratio of 1.08. Guaranty Federal Bancshares has a one year low of $15.89 and a one year high of $23.71. The firm has a market cap of $97.81, a P/E ratio of 15.69 and a beta of 0.52.

Guaranty Federal Bancshares (NASDAQ:GFED) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $7.62 million for the quarter, compared to analyst estimates of $7.36 million. Guaranty Federal Bancshares had a net margin of 18.63% and a return on equity of 8.65%. analysts predict that Guaranty Federal Bancshares will post 1.45 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. 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 purchasing an additional 702 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 valued at $484,000 after purchasing an additional 300 shares during the last quarter. Finally, ZPR Investment Management increased its stake in Guaranty Federal Bancshares by 1.2% in the second quarter. ZPR Investment Management now owns 15,678 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 25.81% of the company’s stock.

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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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