FNY Investment Advisers LLC Purchases Shares of 12,500 GBank Financial Holdings Inc. $GBFH

FNY Investment Advisers LLC acquired a new position in GBank Financial Holdings Inc. (NASDAQ:GBFH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $442,000. FNY Investment Advisers LLC owned about 0.09% of GBank Financial as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Chapin Davis Inc. bought a new stake in GBank Financial during the second quarter worth $7,209,000. Destiny Wealth Partners LLC purchased a new position in GBank Financial during the 2nd quarter worth $364,000. Arcus Capital Partners LLC bought a new stake in shares of GBank Financial in the 2nd quarter worth $203,000. Arista Wealth Management LLC bought a new stake in shares of GBank Financial in the 2nd quarter worth $10,456,000. Finally, RVW Wealth LLC purchased a new stake in shares of GBank Financial in the second quarter valued at about $399,000.

Analyst Ratings Changes

A number of brokerages have issued reports on GBFH. Wall Street Zen downgraded shares of GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Wednesday, October 8th. Finally, Jones Trading initiated coverage on GBank Financial in a report on Monday, September 29th. They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

GBank Financial Trading Up 0.0%

Shares of NASDAQ GBFH opened at $38.82 on Wednesday. The company has a market capitalization of $554.35 million, a price-to-earnings ratio of 28.34 and a beta of -1.12. The firm’s fifty day moving average price is $39.95. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. GBank Financial Holdings Inc. has a 1-year low of $24.50 and a 1-year high of $46.00.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). GBank Financial had a return on equity of 13.31% and a net margin of 19.53%.The firm had revenue of $17.77 million for the quarter, compared to the consensus estimate of $19.00 million.

GBank Financial 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.