GBank Financial (NASDAQ:GBFH) Trading 2.7% Higher - What's Next?

Key Points

• GBank Financial's stock price increased by 2.7% to $41.08 during trading on Thursday, with a volume of 48,379 shares traded, showing a 33% increase from the average volume.
• Analysts at Wall Street Zen have downgraded GBank Financial from a "hold" rating to a "sell" rating.
• The company reported $0.33 EPS for the last quarter, missing estimates by $0.03, and generated revenue of $17.77 million, below the expected $19 million.

GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report)'s share price traded up 2.7% during trading on Thursday . The stock traded as high as $41.57 and last traded at $41.08. 48,379 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 36,442 shares. The stock had previously closed at $40.00.

Analysts Set New Price Targets

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

GBank Financial Price Performance

The stock has a market cap of $586.62 million, a P/E ratio of 29.99 and a beta of -1.08. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $39.69.

GBank Financial (NASDAQ:GBFH - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $17.77 million during 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 13.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in GBank Financial during the second quarter worth $28,000. Legal & General Group Plc acquired a new stake in GBank Financial in the second quarter valued at $29,000. Ameritas Investment Partners Inc. acquired a new stake in GBank Financial in the second quarter valued at $33,000. Quantbot Technologies LP acquired a new stake in GBank Financial in the second quarter valued at $69,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in GBank Financial in the second quarter valued at $74,000.

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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