GBank Financial (NASDAQ:GBFH) Trading Down 0.8% - Time to Sell?

Key Points

• GBank Financial's stock dropped 0.8% during trading, closing at $41.08 after reaching a low of $40.60.
• Wall Street Zen downgraded GBank Financial from a "hold" rating to a "sell" rating on August 2nd.
• The company missed earnings expectations, reporting $0.33 per share versus the consensus estimate of $0.36, along with lower-than-expected revenue of $17.77 million.

GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) shares dropped 0.8% during trading on Wednesday . The stock traded as low as $40.60 and last traded at $41.08. Approximately 39,879 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 36,855 shares. The stock had previously closed at $41.41.

Analyst Upgrades and Downgrades

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

GBank Financial Trading Up 1.2%

The firm has a market capitalization of $574.06 million, a PE ratio of 29.34 and a beta of -1.08. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On GBank Financial

Several hedge funds and other institutional investors have recently bought and sold shares of GBFH. Militia Capital Partners LP acquired a new position in shares of GBank Financial in the 2nd quarter valued at approximately $776,000. BNP Paribas Financial Markets acquired a new position in shares of GBank Financial in the 2nd quarter valued at approximately $28,000. Bank of America Corp DE acquired a new position in shares of GBank Financial in the 2nd quarter valued at approximately $535,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of GBank Financial in the 2nd quarter valued at approximately $174,000. Finally, Quantbot Technologies LP acquired a new position in shares of GBank Financial in the 2nd quarter valued at approximately $69,000.

GBank Financial Company Profile

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.