FNY Investment Advisers LLC Acquires New Shares in GBank Financial Holdings Inc. $GBFH

FNY Investment Advisers LLC bought a new stake in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) during the second quarter, Holdings Channel.com reports. The fund bought 12,500 shares of the company’s stock, valued at approximately $442,000.

Other large investors have also recently made changes to their positions in the company. Arcus Capital Partners LLC purchased a new position in shares of GBank Financial in the second quarter valued at $203,000. Destiny Wealth Partners LLC bought a new position in GBank Financial in the 2nd quarter worth about $364,000. RVW Wealth LLC purchased a new position in GBank Financial during the 2nd quarter valued at about $399,000. Chapin Davis Inc. bought a new stake in shares of GBank Financial during the second quarter valued at about $7,209,000. Finally, Arista Wealth Management LLC bought a new stake in shares of GBank Financial during the second quarter valued at about $10,456,000.

Analyst Ratings Changes

GBFH has been the subject of a number of analyst reports. Jones Trading initiated coverage on shares of GBank Financial in a research report on Monday, September 29th. They issued a “buy” rating and a $55.00 price objective for the company. Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, GBank Financial has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

GBank Financial Stock Performance

Shares of NASDAQ:GBFH opened at $38.82 on Wednesday. The stock has a market capitalization of $554.35 million, a price-to-earnings ratio of 28.34 and a beta of -1.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 0.97. GBank Financial Holdings Inc. has a 52-week low of $24.50 and a 52-week high of $46.00. The stock has a fifty day moving average of $39.95.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Monday, July 28th. The company reported $0.33 earnings per share 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 for the quarter, compared to analysts’ expectations 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.