Destiny Wealth Partners LLC Takes $364,000 Position in GBank Financial Holdings Inc. $GBFH

Key Points

• Destiny Wealth Partners LLC acquired a new position in GBank Financial Holdings Inc., purchasing 10,285 shares valued at approximately $364,000 during the second quarter.
• GBank Financial's stock increased by 0.7%, with a current price of $40.28, despite recently reporting earnings that fell short of analysts' expectations.
• Wall Street analyst ratings shifted, as Wall Street Zen downgraded GBank Financial from a "hold" to a "sell" rating, reflecting concerns about the company's performance.

Destiny Wealth Partners LLC bought a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,285 shares of the company's stock, valued at approximately $364,000. Destiny Wealth Partners LLC owned approximately 0.07% of GBank Financial as of its most recent SEC filing.

Separately, Chapin Davis Inc. acquired a new position in GBank Financial in the 2nd quarter valued at approximately $7,209,000.

GBank Financial Stock Up 0.7%

NASDAQ:GBFH opened at $40.28 on Friday. The firm has a market capitalization of $575.20 million, a price-to-earnings ratio of 29.40 and a beta of -1.08. 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 12-month low of $19.84 and a 12-month high of $46.00. The business has a 50-day simple moving average of $39.79.

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

Wall Street Analyst Weigh In

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

About GBank Financial

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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