Emerald Advisers LLC Purchases New Position in GBank Financial Holdings Inc. $GBFH

Emerald Advisers LLC purchased a new stake in GBank Financial Holdings Inc. (NASDAQ:GBFH) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,042 shares of the company’s stock, valued at approximately $320,000.

Several other large investors have also added to or reduced their stakes in GBFH. Arista Wealth Management LLC bought a new position in GBank Financial in the 2nd quarter valued at about $10,456,000. Chapin Davis Inc. bought a new position in GBank Financial in the 2nd quarter valued at about $7,209,000. FNY Investment Advisers LLC purchased a new stake in GBank Financial in the 2nd quarter valued at about $442,000. RVW Wealth LLC purchased a new stake in GBank Financial in the 2nd quarter valued at about $399,000. Finally, Destiny Wealth Partners LLC purchased a new stake in GBank Financial in the 2nd quarter valued at about $364,000.

GBank Financial Stock Down 0.9%

Shares of GBFH stock opened at $38.18 on Thursday. The business’s 50 day moving average is $39.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.02. GBank Financial Holdings Inc. has a 12-month low of $26.95 and a 12-month high of $46.00. The stock has a market cap of $545.21 million, a price-to-earnings ratio of 27.87 and a beta of -1.12.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.33 earnings per share (EPS) 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 company had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $19.00 million.

Analyst Ratings Changes

GBFH has been the subject of several analyst reports. Jones Trading reiterated a “buy” rating and issued a $55.00 price objective on shares of GBank Financial in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GBank Financial presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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.