Emerald Advisers LLC Has $782,000 Stock Holdings in GBank Financial Holdings Inc. $GBFH

Emerald Advisers LLC increased its position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) by 223.2% during the 1st quarter, Holdings Channel reports. The fund owned 29,227 shares of the company’s stock after buying an additional 20,185 shares during the quarter. Emerald Advisers LLC’s holdings in GBank Financial were worth $782,000 at the end of the most recent quarter.

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

Insider Activity

In other GBank Financial news, Director Charles William Jr. Griege acquired 24,000 shares of the stock in a transaction dated 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 acquisition, the director directly owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

GBank Financial Stock Up 0.2%

NASDAQ:GBFH opened at $30.59 on Wednesday. The stock has a 50-day simple moving average of $29.71 and a 200 day simple moving average of $30.23. GBank Financial Holdings Inc. has a 52-week low of $23.87 and a 52-week high of $44.00. The company has a market cap of $442.64 million, a PE ratio of 24.87 and a beta of -0.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The firm had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. On average, sell-side analysts expect that GBank Financial Holdings Inc. will post 2.03 EPS for the current fiscal year.

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.