GBank Financial (NASDAQ:GBFH) Trading 5.1% Higher - Still a Buy?

Key Points

• GBank Financial Holdings Inc. saw a 5.1% increase in stock price, reaching $44.00, despite a decline in trading volume compared to the average session.
• Analysts at Wall Street Zen upgraded the stock to a "hold" rating following recent performance, where the company reported $0.33 EPS, missing estimates by $0.03.
• Institutional investors have shown increasing interest, with several hedge funds acquiring significant stakes in GBank Financial during the second quarter, including Arista Wealth Management LLC which invested over $10 million.

GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report)'s stock price traded up 5.1% on Monday . The company traded as high as $44.00 and last traded at $44.00. 47,181 shares changed hands during trading, a decline of 11% from the average session volume of 53,186 shares. The stock had previously closed at $41.86.

Analysts Set New Price Targets

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

GBank Financial Stock Down 0.9%

The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $522.36 million, a P/E ratio of 27.15 and a beta of -1.09.

GBank Financial (NASDAQ:GBFH - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $17.77 million for the quarter, compared to the consensus estimate of $19.00 million. GBank Financial had a net margin of 19.53% and a return on equity of 13.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arista Wealth Management LLC acquired a new stake in shares of GBank Financial in the second quarter worth $10,456,000. Chapin Davis Inc. acquired a new stake in shares of GBank Financial in the second quarter worth $7,209,000. FNY Investment Advisers LLC acquired a new stake in GBank Financial during the second quarter worth $442,000. RVW Wealth LLC acquired a new stake in GBank Financial during the second quarter worth $399,000. Finally, Destiny Wealth Partners LLC acquired a new stake in GBank Financial during the second quarter worth $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.