T3 Companies LLC Makes New $888,000 Investment in GBank Financial Holdings Inc. $GBFH

T3 Companies LLC bought a new stake in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) in the 4th quarter, Holdings Channel reports. The firm bought 26,200 shares of the company’s stock, valued at approximately $888,000. GBank Financial accounts for about 1.1% of T3 Companies LLC’s portfolio, making the stock its 15th largest holding.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in GBank Financial during the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in GBank Financial in the third quarter worth $30,000. BNP Paribas Financial Markets bought a new stake in GBank Financial in the second quarter worth $28,000. Legal & General Group Plc purchased a new stake in shares of GBank Financial in the second quarter worth $29,000. Finally, Quantbot Technologies LP purchased a new stake in shares of GBank Financial in the second quarter worth $69,000.

Wall Street Analysts Forecast Growth

GBFH has been the subject of several recent analyst reports. Weiss Ratings lowered GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Brean Capital assumed coverage on shares of GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. 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 target price for the company. Finally, JonesTrading reiterated a “buy” rating and issued a $50.00 target price on shares of GBank Financial in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Insider Buying and Selling

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 stock was acquired at an average price of $29.00 per share, with a total value of $696,000.00. Following the transaction, the director owned 368,289 shares in the company, valued at approximately $10,680,381. This trade represents a 6.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 32.40% of the company’s stock.

GBank Financial Price Performance

GBFH opened at $32.09 on Thursday. The company’s 50-day simple moving average is $28.80 and its two-hundred day simple moving average is $31.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market capitalization of $464.34 million, a P/E ratio of 26.09 and a beta of -0.12. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. GBank Financial had a return on equity of 14.46% and a net margin of 15.62%. As a group, analysts predict that GBank Financial Holdings Inc. will post 2.03 EPS for the current year.

GBank Financial Company 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.