Pekin Hardy Strauss Inc. Makes New Investment in GBank Financial Holdings Inc. $GBFH

Pekin Hardy Strauss Inc. acquired a new position in GBank Financial Holdings Inc. (NASDAQ:GBFH) in the 2nd quarter, Holdings Channel reports. The firm acquired 51,725 shares of the company’s stock, valued at approximately $1,832,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arista Wealth Management LLC purchased a new stake in GBank Financial during the 2nd quarter worth $10,456,000. Chapin Davis Inc. purchased a new stake in shares of GBank Financial in the second quarter worth about $7,209,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of GBank Financial in the second quarter worth about $3,087,000. Crown Advisors Management Inc. acquired a new stake in shares of GBank Financial in the second quarter valued at about $1,026,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of GBank Financial during the 2nd quarter valued at about $442,000.

GBank Financial Trading Down 2.9%

GBank Financial stock opened at $34.24 on Friday. The stock has a market cap of $488.95 million, a PE ratio of 26.34 and a beta of -1.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.02. The firm’s 50 day simple moving average is $39.39. GBank Financial Holdings Inc. has a 52 week low of $26.95 and a 52 week high of $46.00.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other GBank Financial news, COO Tara Allyce Campbell sold 3,867 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $35.61, for a total transaction of $137,703.87. Following the completion of the transaction, the chief operating officer directly owned 3,733 shares of the company’s stock, valued at $132,932.13. This trade represents a 50.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 37.70% of the stock is owned by company insiders.

About GBank Financial

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.