GrandSouth Bancorporation (OTCMKTS:GRRB) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of GrandSouth Bancorporation (OTCMKTS:GRRB – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $31.00 target price on the stock.

Separately, Janney Montgomery Scott assumed coverage on GrandSouth Bancorporation in a report on Monday, February 14th. They issued a neutral rating on the stock.

Shares of GrandSouth Bancorporation stock opened at $27.50 on Wednesday. The stock’s 50-day moving average is $28.02 and its 200-day moving average is $28.01. GrandSouth Bancorporation has a one year low of $21.00 and a one year high of $33.99.

The business also recently announced a dividend, which was paid on Wednesday, May 18th. Investors of record on Wednesday, May 4th were given a $0.13 dividend. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, May 3rd.

About GrandSouth Bancorporation (Get Rating)

GrandSouth Bancorporation operates as the bank holding company for GrandSouth Bank that provides banking services to individuals and businesses. It accepts checking accounts, savings accounts, money market accounts, various term certificates of deposit, and individual retirement accounts. The company also offers one-to-four family residential, commercial real estate, home equity and lines of credit, residential construction and other construction and land, and commercial loans; and consumer loans comprising loans secured by personal property, such as automobiles, marketable securities, and boats and motorcycles, as well as unsecured consumer debt.

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