GBank Financial (NASDAQ:GBFH – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.
A number of other equities research analysts have also recently weighed in on the company. Capital One Financial set a $15.00 price target on GBank Financial in a report on Thursday, October 29th. Brean Capital downgraded GBank Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, October 29th. Raymond James Financial restated an “outperform” rating and set a $20.00 target price on shares of GBank Financial in a research report on Thursday, October 29th. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GBank Financial has an average rating of “Hold” and a consensus price target of $25.50.
Read Our Latest Analysis on GBank Financial
GBank Financial Stock Up 2.0%
Shares of NASDAQ GBFH opened at $15.47 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial has a 52 week low of $11.51 and a 52 week high of $38.00. The firm has a 50-day moving average price of $18.26 and a 200 day moving average price of $26.18. The stock has a market capitalization of $224.62 million, a price-to-earnings ratio of 10.04 and a beta of 0.18.
GBank Financial (NASDAQ:GBFH – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). GBank Financial had a return on equity of 13.00% and a net margin of 14.86%. The company had revenue of $20.34 million for the quarter, compared to analyst estimates of $22.80 million. Equities research analysts anticipate that GBank Financial will post 1.38 EPS for the current fiscal year.
Hedge Funds Weigh In On GBank Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBFH. Pekin Hardy Strauss Inc. grew its stake in GBank Financial by 1,097.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 91,615 shares of the company’s stock valued at $1,666,000 after purchasing an additional 83,965 shares in the last quarter. Chapin Davis Inc. increased its stake in shares of GBank Financial by 7.1% in the third quarter. Chapin Davis Inc. now owns 249,025 shares of the company’s stock worth $4,527,000 after buying an additional 16,600 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of GBank Financial in the second quarter worth $72,000. Squarepoint Ops LLC bought a new stake in shares of GBank Financial in the second quarter worth $759,000. Finally, Susquehanna International Group LLP acquired a new stake in GBank Financial in the second quarter valued at $1,700,000.
About GBank Financial
GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.
GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.
Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.
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