19,987 Shares in GBank Financial Holdings Inc. $GBFH Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in GBank Financial Holdings Inc. (NASDAQ:GBFH) during the first quarter, Holdings Channel.com reports. The firm acquired 19,987 shares of the company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBFH. State of Alaska Department of Revenue acquired a new stake in shares of GBank Financial during the fourth quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new position in shares of GBank Financial in the third quarter worth about $30,000. BNP Paribas Financial Markets purchased a new position in GBank Financial in the second quarter valued at about $28,000. Legal & General Group Plc purchased a new position in GBank Financial in the second quarter valued at about $29,000. Finally, Quantbot Technologies LP acquired a new stake in GBank Financial during the 2nd quarter valued at approximately $69,000.

GBank Financial Stock Up 0.5%

NASDAQ:GBFH opened at $30.89 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 stock has a 50 day moving average of $29.89 and a 200-day moving average of $30.13. The firm has a market capitalization of $446.98 million, a PE ratio of 25.11 and a beta of -0.11. GBank Financial Holdings Inc. has a 52 week low of $23.87 and a 52 week high of $44.00.

GBank Financial (NASDAQ:GBFH) last announced its quarterly 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 company had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. Analysts predict that GBank Financial Holdings Inc. will post 2.03 EPS for the current year.

Insiders Place Their Bets

In related news, Director Charles William Jr. Griege bought 24,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the purchase, the director owned 368,289 shares of the company’s stock, valued at $10,680,381. This represents a 6.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GBFH. Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. JonesTrading reiterated a “buy” rating and set a $50.00 target price on shares of GBank Financial in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of GBank Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.

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.