GBank Financial (NASDAQ:GBFH) Stock Dropped to Strong Sell by Zacks Research

Zacks Research cut shares of GBank Financial (NASDAQ:GBFH) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks reports.

Several other analysts also recently weighed in on GBFH. Capital One Financial set a $15.00 price objective on GBank Financial in a research report on Thursday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of GBank Financial in a research note on Thursday, October 29th. Brean Capital cut GBank Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, October 29th. JonesTrading lowered their target price on GBank Financial from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.50.

GBank Financial Stock Up 2.0%

Shares of GBFH opened at $15.47 on Tuesday. GBank Financial has a one year low of $11.51 and a one year high of $38.00. The company has a market cap of $224.62 million, a P/E ratio of 12.38 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $26.18.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Wednesday, October 28th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). GBank Financial had a net margin of 14.86% and a return on equity of 13.00%. The business had revenue of $20.34 million during the quarter, compared to analyst estimates of $22.80 million. Research analysts forecast that GBank Financial will post 1.38 EPS for the current fiscal year.

Institutional Trading of GBank Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of GBank Financial during the second quarter worth $20,156,000. Chapin Davis Inc. boosted its holdings in shares of GBank Financial by 7.1% during the 3rd quarter. Chapin Davis Inc. now owns 249,025 shares of the company’s stock valued at $4,527,000 after acquiring an additional 16,600 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of GBank Financial by 19.6% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock valued at $3,158,000 after acquiring an additional 19,311 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of GBank Financial during the 2nd quarter valued at $1,700,000. Finally, Pekin Hardy Strauss Inc. grew its position in GBank Financial by 1,097.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 91,615 shares of the company’s stock worth $1,666,000 after acquiring an additional 83,965 shares during the last quarter.

About GBank Financial

GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.

GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.

Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.