GBank Financial (NASDAQ:GBFH) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• GBank Financial reported earnings of $0.33 per share, missing the consensus estimate of $0.36 by $0.03, with a net margin of 20.11% and a return on equity of 13.51%.
• Following the earnings report, GBank Financial stock rose 4.8% to reach $43.86, with trading volume significantly above its average.
• Analysts from Wall Street Zen have upgraded GBank Financial shares to a "hold" rating as of July 13th.

GBank Financial (NASDAQ:GBFH - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03), Zacks reports. The firm 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 13.56%.

GBank Financial Stock Performance

Shares of GBFH stock traded down $0.49 during trading hours on Friday, reaching $37.05. 3,934 shares of the company's stock were exchanged, compared to its average volume of 53,546. The company has a market cap of $520.26 million, a PE ratio of 27.04 and a beta of -1.09. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. GBank Financial has a fifty-two week low of $17.78 and a fifty-two week high of $46.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded GBank Financial to a "hold" rating in a report on Sunday, July 13th.

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.