GBank Financial (NASDAQ:GBFH) Lowered to Sell Rating by Wall Street Zen

Key Points

• GBank Financial (NASDAQ:GBFH) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen.
• The company's recent quarterly earnings report showed an EPS of $0.33, falling short of the consensus estimate of $0.36, with revenue of $17.77 million against expectations of $19.00 million.
• Various hedge funds significantly increased their stakes in GBank Financial during the second quarter, with notable investments including $10.46 million from Arista Wealth Management LLC.

GBank Financial (NASDAQ:GBFH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

GBank Financial Trading Down 1.0%

Shares of NASDAQ GBFH opened at $37.14 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. The company has a market cap of $521.45 million, a PE ratio of 27.11 and a beta of -1.08. GBank Financial has a 12 month low of $17.78 and a 12 month high of $46.00.

GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $17.77 million for the quarter, compared to analyst estimates of $19.00 million. GBank Financial had a net margin of 19.53% and a return on equity of 13.56%.

Hedge Funds Weigh In On GBank Financial

A number of large investors have recently made changes to their positions in the company. Arista Wealth Management LLC acquired a new position in GBank Financial in the 2nd quarter valued at $10,456,000. Chapin Davis Inc. bought a new stake in GBank Financial in the 2nd quarter valued at about $7,209,000. FNY Investment Advisers LLC acquired a new position in shares of GBank Financial during the 2nd quarter worth approximately $442,000. RVW Wealth LLC bought a new position in shares of GBank Financial during the second quarter worth approximately $399,000. Finally, Destiny Wealth Partners LLC acquired a new stake in shares of GBank Financial in the second quarter valued at approximately $364,000.

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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