GBank Financial (NASDAQ:GBFH) Stock Gets Downgrade from Zacks Research

GBank Financial (NASDAQ:GBFH) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other analysts have also recently commented on GBFH. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. JonesTrading dropped their price objective on shares of GBank Financial from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Raymond James Financial restated an “outperform” rating and issued a $20.00 price objective on shares of GBank Financial in a research report on Thursday, October 29th. Capital One Financial set a $15.00 price objective on GBank Financial in a report on Thursday, October 29th. Finally, Brean Capital lowered GBank Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.50.

GBank Financial Stock Up 2.0%

Shares of NASDAQ:GBFH opened at $15.47 on Tuesday. GBank Financial has a 12 month low of $11.51 and a 12 month high of $38.00. The company’s 50-day moving average price is $18.26 and its two-hundred day moving average price is $26.18. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The firm has a market cap of $224.62 million, a P/E ratio of 12.38 and a beta of 0.18.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). GBank Financial had a net margin of 14.86% and a return on equity of 13.00%. The company had revenue of $20.34 million during the quarter, compared to analyst estimates of $22.80 million. As a group, research analysts forecast that GBank Financial will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On GBank Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of GBank Financial during the 2nd quarter valued at approximately $20,156,000. Pekin Hardy Strauss Inc. increased its position in GBank Financial by 1,097.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 91,615 shares of the company’s stock worth $1,666,000 after purchasing an additional 83,965 shares in the last quarter. Susquehanna International Group LLP bought a new position in GBank Financial in the 2nd quarter valued at approximately $1,700,000. Squarepoint Ops LLC bought a new position in GBank Financial in the 2nd quarter valued at approximately $759,000. Finally, Bank of New York Mellon Corp bought a new position in GBank Financial in the 2nd quarter valued at approximately $703,000.

GBank Financial Company Profile

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.