Emerald Advisers LLC Buys 20,185 Shares of GBank Financial Holdings Inc. $GBFH

Emerald Advisers LLC raised its stake in GBank Financial Holdings Inc. (NASDAQ:GBFH) by 223.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,227 shares of the company’s stock after acquiring an additional 20,185 shares during the quarter. Emerald Advisers LLC owned about 0.20% of GBank Financial worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GBFH. State of Alaska Department of Revenue acquired a new position in shares of GBank Financial during the fourth quarter worth approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of GBank Financial in the second quarter valued at approximately $28,000. Legal & General Group Plc bought a new position in GBank Financial in the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new position in GBank Financial in the 3rd quarter worth approximately $30,000. Finally, Quantbot Technologies LP bought a new position in GBank Financial in the 2nd quarter worth approximately $69,000.

GBank Financial Trading Up 0.2%

Shares of NASDAQ GBFH opened at $30.59 on Wednesday. GBank Financial Holdings Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $44.00. The firm has a market capitalization of $442.64 million, a P/E ratio of 24.87 and a beta of -0.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The company’s 50 day simple moving average is $29.71 and its 200 day simple moving average is $30.23.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $19.65 million for the quarter, compared to analyst estimates of $22.10 million. GBank Financial had a return on equity of 14.46% and a net margin of 15.62%. On average, analysts predict that GBank Financial Holdings Inc. will post 2.03 EPS for the current year.

Insider Activity

In related news, Director Charles William Jr. Griege acquired 24,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $29.00 per share, with a total value of $696,000.00. Following the completion of the purchase, the director directly owned 368,289 shares in the company, valued at approximately $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 32.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on GBFH shares. JonesTrading reiterated a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research report on Thursday, April 30th. Raymond James Financial assumed coverage on GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price for the company. Weiss Ratings lowered GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Zacks Research upgraded GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.33.

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.