Pekin Hardy Strauss Inc. Takes $1.83 Million Position in GBank Financial Holdings Inc. $GBFH

Pekin Hardy Strauss Inc. acquired a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,725 shares of the company’s stock, valued at approximately $1,832,000. Pekin Hardy Strauss Inc. owned about 0.37% of GBank Financial at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Arista Wealth Management LLC purchased a new position in GBank Financial during the second quarter worth $10,456,000. Chapin Davis Inc. acquired a new stake in shares of GBank Financial during the second quarter valued at $7,209,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of GBank Financial during the second quarter valued at $3,087,000. Crown Advisors Management Inc. purchased a new stake in GBank Financial during the 2nd quarter worth about $1,026,000. Finally, FNY Investment Advisers LLC acquired a new position in GBank Financial in the 2nd quarter valued at about $442,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on GBFH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Wednesday, October 8th. Jones Trading reissued a “buy” rating and set a $55.00 price objective on shares of GBank Financial in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.00.

Insiders Place Their Bets

In other GBank Financial news, COO Tara Allyce Campbell sold 3,867 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $35.61, for a total transaction of $137,703.87. Following the completion of the sale, the chief operating officer owned 3,733 shares of the company’s stock, valued at approximately $132,932.13. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 37.70% of the company’s stock.

GBank Financial Stock Performance

Shares of GBFH stock opened at $34.24 on Friday. GBank Financial Holdings Inc. has a one year low of $26.95 and a one year high of $46.00. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $39.39. The firm has a market capitalization of $488.95 million, a price-to-earnings ratio of 26.34 and a beta of -1.15.

GBank Financial Company Profile

GBank Financial Holdings Inc operates as a bank holding company for GBank which provides banking services to commercial and consumer customers principally in Nevada. The company offers business and personal checking and savings accounts. GBank Financial Holdings Inc is based in Las Vegas, Nevada.