RVW Wealth LLC Trims Stock Position in GBank Financial Holdings Inc. $GBFH

RVW Wealth LLC lowered its position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) by 38.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 73,499 shares of the company’s stock after selling 45,524 shares during the quarter. RVW Wealth LLC’s holdings in GBank Financial were worth $1,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of GBank Financial during the 2nd quarter valued at about $20,156,000. Kennedy Capital Management LLC lifted its position in GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after buying an additional 34,158 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in GBank Financial by 19.6% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after buying an additional 19,311 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in GBank Financial in the second quarter worth approximately $1,700,000. Finally, Emerald Advisers LLC boosted its stake in GBank Financial by 223.2% in the first quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after buying an additional 20,185 shares in the last quarter.

Insider Activity at GBank Financial

In other news, Director Charles Griege, Jr. acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of $21.03 per share, for a total transaction of $525,750.00. Following the completion of the transaction, the director owned 393,289 shares of the company’s stock, valued at $8,270,867.67. The trade was a 6.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward Nigro acquired 9,200 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $21.51 per share, with a total value of $197,892.00. Following the completion of the purchase, the chief executive officer owned 628,830 shares of the company’s stock, valued at approximately $13,526,133.30. The trade was a 1.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 81,463 shares of company stock worth $1,742,969 over the last ninety days. Insiders own 32.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GBFH. JonesTrading reissued a “buy” rating and set a $35.00 price target on shares of GBank Financial in a research note on Thursday, August 20th. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Finally, Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GBank Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

GBank Financial Trading Down 0.1%

GBFH traded down $0.02 on Tuesday, hitting $17.64. 34,352 shares of the company were exchanged, compared to its average volume of 73,474. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $26.11. The stock has a market capitalization of $256.06 million, a PE ratio of 13.78 and a beta of 0.07. GBank Financial Holdings Inc. has a 12 month low of $17.50 and a 12 month high of $42.23.

GBank Financial (NASDAQ:GBFH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. Sell-side analysts expect that GBank Financial Holdings Inc. will post 1.59 earnings per share for the current year.

About GBank Financial

GBank Financial, Inc is the bank holding company for GBank, a Nevada-based commercial bank headquartered in Las Vegas. The company focuses primarily on serving small and medium-sized businesses, commercial real estate investors, professionals and other business customers.

GBank provides commercial banking products and services that include business checking and savings accounts, commercial and industrial loans, commercial real estate financing, construction lending and Small Business Administration loans.