GrandSouth Bancorporation (OTCMKTS:GRRB) Lowered to Hold at Zacks Investment Research

GrandSouth Bancorporation (OTCMKTS:GRRB – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

Separately, Janney Montgomery Scott started coverage on shares of GrandSouth Bancorporation in a report on Monday, February 14th. They issued a “neutral” rating on the stock.

GRRB traded up $0.30 during trading on Tuesday, hitting $27.50. The company had a trading volume of 716 shares, compared to its average volume of 1,528. The business has a 50-day moving average of $28.06 and a 200-day moving average of $27.97. GrandSouth Bancorporation has a 1-year low of $21.00 and a 1-year high of $33.99.

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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