Emerald Mutual Fund Advisers Trust Buys 19,311 Shares of GBank Financial Holdings Inc. $GBFH

Emerald Mutual Fund Advisers Trust boosted its position in GBank Financial Holdings Inc. (NASDAQ:GBFH) by 19.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,000 shares of the company’s stock after buying an additional 19,311 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.82% of GBank Financial worth $3,158,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Kennedy Capital Management LLC lifted its stake in shares of GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after purchasing an additional 34,158 shares during the period. T3 Companies LLC acquired a new position in GBank Financial in the fourth quarter valued at approximately $888,000. JCSD Capital LLC boosted its holdings in shares of GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after buying an additional 22,131 shares in the last quarter. Militia Capital Partners LP bought a new position in shares of GBank Financial during the 2nd quarter worth approximately $776,000. Finally, Emerald Advisers LLC grew its position in shares of GBank Financial by 223.2% during the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after buying an additional 20,185 shares during the period.

Insider Buying and Selling

In other news, Director Charles William Jr. Griege bought 24,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $29.00 per share, with a total value of $696,000.00. Following the transaction, the director directly owned 368,289 shares in the company, valued at $10,680,381. This represents a 6.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GBFH. Raymond James Financial initiated coverage on shares of GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Zacks Research upgraded shares of GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised shares of GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. JonesTrading reissued a “buy” rating and set a $50.00 target price on shares of GBank Financial in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, GBank Financial has an average rating of “Moderate Buy” and an average target price of $42.33.

GBank Financial Stock Performance

NASDAQ GBFH opened at $30.54 on Tuesday. The company has a fifty day moving average price of $29.66 and a 200-day moving average price of $30.27. The firm has a market cap of $441.91 million, a price-to-earnings ratio of 24.83 and a beta of -0.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. GBank Financial Holdings Inc. has a 1 year low of $23.87 and a 1 year high of $44.00.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The firm had revenue of $19.65 million for the quarter, compared to the consensus estimate of $22.10 million. As a group, equities research analysts predict that GBank Financial Holdings Inc. will post 2.03 EPS for the current fiscal year.

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.