Kennedy Capital Management LLC Purchases 34,158 Shares of GBank Financial Holdings Inc. $GBFH

Kennedy Capital Management LLC boosted its position in GBank Financial Holdings Inc. (NASDAQ:GBFH) by 37.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,509 shares of the company’s stock after acquiring an additional 34,158 shares during the quarter. Kennedy Capital Management LLC owned 0.88% of GBank Financial worth $4,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in GBank Financial by 6.9% in the fourth quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock valued at $220,000 after acquiring an additional 417 shares during the last quarter. State of Alaska Department of Revenue bought a new position in GBank Financial in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new position in GBank Financial in the third quarter valued at approximately $30,000. BNP Paribas Financial Markets bought a new position in GBank Financial in the second quarter valued at approximately $28,000. Finally, Legal & General Group Plc bought a new position in GBank Financial in the second quarter valued at approximately $29,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. JonesTrading reissued a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research note on Thursday, April 30th. Wall Street Zen cut shares of GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Finally, Brean Capital started coverage on shares of GBank Financial in a research report on Thursday, March 12th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.33.

GBank Financial Stock Performance

Shares of GBank Financial stock opened at $30.20 on Tuesday. GBank Financial Holdings Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $44.00. 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 firm has a market capitalization of $436.99 million, a P/E ratio of 24.55 and a beta of -0.11. The company’s 50 day moving average price is $29.07 and its two-hundred day moving average price is $30.99.

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

Insiders Place Their Bets

In related news, Director Charles William Jr. Griege bought 24,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the transaction, the director directly owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. This represents a 6.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 32.40% of the stock is owned by corporate insiders.

GBank Financial 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.