Emerald Mutual Fund Advisers Trust increased its stake in GBank Financial Holdings Inc. (NASDAQ:GBFH – Free Report) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,000 shares of the company’s stock after purchasing an additional 19,311 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in GBank Financial were worth $3,158,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in GBank Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock worth $20,661,000 after purchasing an additional 2,951 shares during the period. Chapin Davis Inc. raised its holdings in shares of GBank Financial by 5.1% in the 4th quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock valued at $7,434,000 after acquiring an additional 10,600 shares in the last quarter. State Street Corp boosted its position in shares of GBank Financial by 2.2% during the 4th quarter. State Street Corp now owns 190,548 shares of the company’s stock valued at $6,458,000 after acquiring an additional 4,111 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of GBank Financial by 37.0% during the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after acquiring an additional 34,158 shares during the last quarter. Finally, JCSD Capital LLC grew its holdings in shares of GBank Financial by 54.2% during the fourth quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after purchasing an additional 22,131 shares in the last quarter.
Insiders Place Their Bets
In other GBank Financial news, Director Charles William Jr. Griege acquired 24,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the acquisition, the director owned 368,289 shares in the company, valued at $10,680,381. This represents a 6.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 32.40% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on GBFH
GBank Financial Stock Performance
Shares of NASDAQ:GBFH opened at $30.54 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $29.66 and a 200-day moving average price of $30.27. The company has a market cap of $441.91 million, a price-to-earnings ratio of 24.83 and a beta of -0.11. GBank Financial Holdings Inc. has a 12 month low of $23.87 and a 12 month high of $44.00.
GBank Financial (NASDAQ:GBFH – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). GBank Financial had a return on equity of 14.46% and a net margin of 15.62%.The business had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. As a group, equities analysts anticipate that GBank Financial Holdings Inc. will post 2.03 EPS for the current year.
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.
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