Sequoia Financial Advisors LLC Buys Shares of 19,987 GBank Financial Holdings Inc. $GBFH

Sequoia Financial Advisors LLC acquired a new stake in GBank Financial Holdings Inc. (NASDAQ:GBFH) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,987 shares of the company’s stock, valued at approximately $535,000. Sequoia Financial Advisors LLC owned about 0.14% of GBank Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GBFH. Kennedy Capital Management LLC boosted its position in GBank Financial by 37.0% during 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 last quarter. T3 Companies LLC purchased a new position in shares of GBank Financial during the 4th quarter worth $888,000. JCSD Capital LLC lifted its stake in shares of GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after purchasing an additional 22,131 shares during the period. Militia Capital Partners LP acquired a new stake in shares of GBank Financial during the second quarter worth $776,000. Finally, Bank of America Corp DE acquired a new stake in shares of GBank Financial during the second quarter worth $535,000.

Insider Activity at GBank Financial

In related news, Director Charles William Jr. Griege purchased 24,000 shares of GBank Financial stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $29.00 per share, with a total value of $696,000.00. Following the transaction, the director owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. The trade was a 6.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 32.40% of the company’s stock.

GBank Financial Stock Up 0.5%

Shares of GBank Financial stock opened at $30.89 on Tuesday. The company has a fifty day moving average price of $29.89 and a 200 day moving average price of $30.13. 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 twelve month low of $23.87 and a twelve month high of $44.00. The stock has a market cap of $446.98 million, a price-to-earnings ratio of 25.11 and a beta of -0.11.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings data 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 company had revenue of $19.65 million during the quarter, compared to analysts’ expectations of $22.10 million. Equities research analysts forecast that GBank Financial Holdings Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GBFH shares. Weiss Ratings downgraded 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 report on Monday, June 29th. Raymond James Financial started coverage on shares of GBank Financial in a research report on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price on the stock. Wall Street Zen upgraded shares of GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.

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.