T3 Companies LLC Takes $888,000 Position in GBank Financial Holdings Inc. $GBFH

T3 Companies LLC purchased a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,200 shares of the company’s stock, valued at approximately $888,000. GBank Financial comprises approximately 1.1% of T3 Companies LLC’s portfolio, making the stock its 15th biggest holding. T3 Companies LLC owned approximately 0.18% of GBank Financial as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in GBank Financial in the second quarter valued at approximately $151,000. Legal & General Group Plc bought a new position in shares of GBank Financial in the second quarter worth approximately $29,000. Rhumbline Advisers purchased a new position in shares of GBank Financial in the second quarter worth $334,000. New York State Common Retirement Fund purchased a new position in shares of GBank Financial in the second quarter worth $103,000. Finally, Quantbot Technologies LP bought a new stake in GBank Financial during the 2nd quarter valued at $69,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Raymond James Financial started coverage on GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price on the stock. JonesTrading restated a “buy” rating and set a $50.00 price target on shares of GBank Financial in a report on Thursday, April 30th. Finally, Brean Capital started coverage on GBank Financial in a research report on Thursday, March 12th. They set a “buy” rating for the company. Four 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

GBank Financial Stock Performance

Shares of GBFH opened at $32.09 on Thursday. The company has a 50-day simple moving average of $28.80 and a two-hundred day simple moving average of $31.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a market capitalization of $464.34 million, a PE ratio of 26.09 and a beta of -0.12. GBank Financial Holdings Inc. has a one year low of $23.87 and a one year high of $44.00.

GBank Financial (NASDAQ:GBFH) last announced 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). The firm had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. GBank Financial had a return on equity of 14.46% and a net margin of 15.62%. On average, analysts anticipate that GBank Financial Holdings Inc. will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles William Jr. Griege acquired 24,000 shares of the firm’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 completion of the acquisition, the director owned 368,289 shares in the company, valued at $10,680,381. This trade represents a 6.97% increase 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 hyperlink. 32.40% of the stock is currently owned by 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.