GBank Financial (NASDAQ:GBFH) Downgraded by Zacks Research to “Strong Sell”

GBank Financial (NASDAQ:GBFH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

Several other equities analysts have also recently issued reports on the company. Brean Capital cut GBank Financial from a “buy” rating to a “neutral” rating in a research note 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 report on Thursday, October 29th. Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a report on Thursday, October 22nd. Finally, JonesTrading dropped their target price on shares of GBank Financial from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.50.

GBank Financial Trading Up 2.0%

Shares of NASDAQ GBFH opened at $15.47 on Tuesday. The stock’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $26.18. GBank Financial has a 52-week low of $11.51 and a 52-week high of $38.00. The stock has a market capitalization of $224.62 million, a P/E ratio of 10.04 and a beta of 0.18. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.

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

Hedge Funds Weigh In On GBank Financial

Several institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in shares of GBank Financial during the 2nd quarter worth approximately $1,700,000. BlackRock Inc. bought a new stake in shares of GBank Financial in the 2nd quarter worth approximately $20,156,000. Emerald Advisers LLC lifted its holdings in shares of GBank Financial by 223.2% in the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after purchasing an additional 20,185 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in 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 purchasing an additional 19,311 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in GBank Financial during the 1st quarter valued at approximately $535,000.

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.