GBank Financial Holdings Inc. $GBFH Stake Boosted by JCSD Capital LLC

JCSD Capital LLC grew its holdings in shares of GBank Financial Holdings Inc. (NASDAQ:GBFHFree Report) by 54.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,939 shares of the company’s stock after purchasing an additional 22,131 shares during the period. GBank Financial makes up about 2.5% of JCSD Capital LLC’s portfolio, making the stock its 9th biggest holding. JCSD Capital LLC owned about 0.44% of GBank Financial worth $2,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in GBank Financial during the 4th quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new stake in GBank Financial in the second quarter worth about $28,000. Legal & General Group Plc purchased a new stake in shares of GBank Financial during the second quarter worth about $29,000. Russell Investments Group Ltd. purchased a new stake in shares of GBank Financial during the third quarter worth about $30,000. Finally, Quantbot Technologies LP acquired a new position in shares of GBank Financial during the second quarter valued at about $69,000.

Insiders Place Their Bets

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 24,875 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $30.07, for a total value of $747,991.25. Following the sale, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at approximately $404,441.50. This represents a 64.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Tara Allyce Campbell sold 7,000 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total value of $219,870.00. Following the sale, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. This represents a 45.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,000 shares of company stock valued at $1,181,469 over the last 90 days. 32.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GBFH shares. Weiss Ratings cut shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Hovde Group decreased their price target on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Wall Street Zen downgraded shares of GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, JonesTrading reissued a “buy” rating and issued a $50.00 target price on shares of GBank Financial in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GBank Financial has a consensus rating of “Hold” and a consensus price target of $46.00.

View Our Latest Analysis on GBank Financial

GBank Financial Price Performance

Shares of NASDAQ GBFH opened at $26.92 on Friday. GBank Financial Holdings Inc. has a 52 week low of $23.87 and a 52 week high of $44.00. The business’s 50 day moving average price is $27.95 and its 200 day moving average price is $31.84. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. The firm has a market cap of $389.53 million, a P/E ratio of 21.89 and a beta of -0.10.

GBank Financial (NASDAQ:GBFHGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $19.14 million for the quarter, compared to analysts’ expectations of $22.10 million. GBank Financial had a return on equity of 14.66% and a net margin of 15.62%. On average, sell-side analysts expect that GBank Financial Holdings Inc. will post 2.11 earnings per share for the current year.

GBank Financial Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GBFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GBank Financial Holdings Inc. (NASDAQ:GBFHFree Report).

Institutional Ownership by Quarter for GBank Financial (NASDAQ:GBFH)

Receive News & Ratings for GBank Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GBank Financial and related companies with MarketBeat.com's FREE daily email newsletter.