RVW Wealth LLC cut its holdings in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH – Free Report) by 25.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,023 shares of the company’s stock after selling 39,831 shares during the period. RVW Wealth LLC owned 0.82% of GBank Financial worth $3,608,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GBFH. Kennedy Capital Management LLC lifted its stake in GBank Financial by 37.0% in the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after acquiring an additional 34,158 shares during the period. T3 Companies LLC purchased a new position in GBank Financial during the 4th quarter valued at $888,000. JCSD Capital LLC increased its position in GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock valued at $2,133,000 after purchasing an additional 22,131 shares during the period. Militia Capital Partners LP bought a new position in GBank Financial in the 2nd quarter worth $776,000. Finally, Emerald Advisers LLC raised its holdings in GBank Financial by 223.2% in the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after purchasing an additional 20,185 shares in the last quarter.
GBank Financial Stock Performance
Shares of GBFH stock opened at $20.85 on Friday. The company’s fifty day moving average price is $29.36 and its 200-day moving average price is $29.58. The stock has a market cap of $301.70 million, a PE ratio of 16.29 and a beta of 0.05. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. GBank Financial Holdings Inc. has a 12 month low of $19.63 and a 12 month high of $42.23.
Key GBank Financial News
Here are the key news stories impacting GBank Financial this week:
- Positive Sentiment: Multiple insiders made substantial open-market purchases around $21–$22 per share. CEO Jeffrey K. Newgard reported two purchases totaling 32,263 shares and approximately $699,000, while Director Timothy P. Herbst bought 10,000 shares for $215,000. These transactions may signal that company leaders view the recent weakness as an attractive entry point. SEC filings
- Positive Sentiment: CEO Edward Michael Nigro purchased 9,200 shares for approximately $197,892, and insider Todd Anthony Nigro bought 5,000 shares for $105,350. The broad-based buying by executives and directors can reinforce investor confidence in the bank’s long-term prospects. Insider buying report
- Neutral Sentiment: GBFH’s shares remain well below recent analyst price targets, including a $35 target from JonesTrading and Raymond James. However, analyst opinions are mixed, ranging from buy and outperform ratings to a strong sell, limiting the reliability of the target-price upside.
- Negative Sentiment: An analysis highlighted deteriorating loans, raising concerns about credit quality, potential higher provisions and pressure on future profitability. This is particularly relevant after GBFH reported quarterly EPS of $0.38, below the $0.48 consensus estimate, despite revenue modestly exceeding expectations. Analysis of deteriorating loans
Insiders Place Their Bets
In other GBank Financial news, insider Todd Anthony Nigro purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $21.07 per share, for a total transaction of $105,350.00. Following the completion of the purchase, the insider directly owned 286,494 shares of the company’s stock, valued at $6,036,428.58. This trade represents a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles William Jr. Griege purchased 24,000 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the acquisition, the director owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. This represents a 6.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 84,463 shares of company stock worth $2,029,219. 32.40% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Raymond James Financial began coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target on the stock. Wall Street Zen raised shares of GBank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. JonesTrading lowered their price objective on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.33.
Read Our Latest Stock Analysis on GBFH
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.
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