Chapin Davis Inc. Invests $7.21 Million in GBank Financial Holdings Inc. $GBFH

Key Points

• Chapin Davis Inc. purchased 203,600 shares of GBank Financial Holdings Inc. for approximately $7.2 million, making it the firm's 9th largest holding.
• Wall Street analysts downgraded GBank Financial from a "hold" rating to a "sell" rating as of August 2nd.
• GBank Financial reported a quarterly EPS of $0.33, missing the analysts' consensus estimate of $0.36, with a revenue of $17.77 million in contrast to the expected $19 million.

Chapin Davis Inc. purchased a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 203,600 shares of the company's stock, valued at approximately $7,209,000. GBank Financial comprises approximately 2.0% of Chapin Davis Inc.'s investment portfolio, making the stock its 9th biggest holding. Chapin Davis Inc. owned approximately 1.45% of GBank Financial as of its most recent SEC filing.

GBank Financial Stock Down 1.1%

Shares of GBank Financial stock traded down $0.45 during trading hours on Monday, reaching $40.57. 33,850 shares of the company's stock were exchanged, compared to its average volume of 40,269. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 0.97. GBank Financial Holdings Inc. has a 1 year low of $19.60 and a 1 year high of $46.00. The firm has a fifty day moving average price of $39.77. The stock has a market capitalization of $579.34 million, a P/E ratio of 29.61 and a beta of -1.08.

GBank Financial (NASDAQ:GBFH - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $17.77 million during the quarter, compared to analysts' expectations of $19.00 million. GBank Financial had a net margin of 19.53% and a return on equity of 13.31%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of GBank Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

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.