GBank Financial (NASDAQ:GBFH) Shares Up 4.2% – Here’s What Happened

GBank Financial Holdings Inc. (NASDAQ:GBFH)’s share price traded up 4.2% during trading on Friday . The company traded as high as $40.84 and last traded at $40.84. 21,103 shares changed hands during trading, a decline of 57% from the average session volume of 48,994 shares. The stock had previously closed at $39.21.

Wall Street Analyst Weigh In

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

GBank Financial Trading Up 1.0%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 0.97. The company has a market cap of $565.77 million, a PE ratio of 28.92 and a beta of -1.12. The company has a fifty day moving average of $39.97.

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

Hedge Funds Weigh In On GBank Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of GBFH. Chapin Davis Inc. acquired a new position in GBank Financial in the 2nd quarter valued at about $7,209,000. RVW Wealth LLC acquired a new position in shares of GBank Financial in the second quarter valued at approximately $399,000. Destiny Wealth Partners LLC acquired a new position in shares of GBank Financial in the second quarter valued at approximately $364,000. Arista Wealth Management LLC acquired a new position in shares of GBank Financial in the second quarter valued at approximately $10,456,000. Finally, Arcus Capital Partners LLC purchased a new stake in GBank Financial during the 2nd quarter worth approximately $203,000.

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.