Arista Wealth Management LLC Invests $10.46 Million in GBank Financial Holdings Inc. $GBFH

Key Points

• Arista Wealth Management LLC made a significant investment of $10.46 million in GBank Financial Holdings, acquiring about 295,296 shares, which now represents 1.4% of its total holdings.
• Despite recent investments from other institutional investors, GBank Financial has faced mixed analyst ratings, with Weiss Ratings maintaining a "hold" rating while Jones Trading issued a "buy" rating with a target price of $55.00.
• In its latest earnings report, GBank Financial missed earnings expectations, reporting earnings per share of $0.33 against a forecast of $0.36, and revealed total revenue of $17.77 million for the quarter.

Arista Wealth Management LLC bought a new position in GBank Financial Holdings Inc. (NASDAQ:GBFH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 295,296 shares of the company's stock, valued at approximately $10,456,000. GBank Financial comprises 1.4% of Arista Wealth Management LLC's holdings, making the stock its 15th largest holding. Arista Wealth Management LLC owned approximately 2.10% of GBank Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Destiny Wealth Partners LLC purchased a new position in shares of GBank Financial in the 2nd quarter worth approximately $364,000. RVW Wealth LLC purchased a new position in GBank Financial in the second quarter valued at approximately $399,000. Finally, Chapin Davis Inc. purchased a new position in GBank Financial in the second quarter valued at approximately $7,209,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of GBank Financial in a research note on Wednesday, October 8th. Wall Street Zen downgraded GBank Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Jones Trading assumed coverage on GBank Financial in a research note on Monday, September 29th. They issued a "buy" rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.00.

GBank Financial Price Performance

Shares of GBFH stock opened at $39.21 on Friday. The firm's fifty day simple moving average is $39.94. 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 $24.29 and a 1 year high of $46.00. The company has a market cap of $559.92 million, a PE ratio of 28.62 and a beta of -1.12.

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

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.

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