GBank Financial Holdings Inc. $GBFH Stock: Pekin Hardy Strauss Inc. Grows Position

Pekin Hardy Strauss Inc. increased its stake in GBank Financial Holdings Inc. (NASDAQ:GBFH) by 1,097.6% in the third quarter, HoldingsChannel reports. The fund owned 91,615 shares of the company’s stock after purchasing an additional 83,965 shares during the period. Pekin Hardy Strauss Inc.’s holdings in GBank Financial were worth $1,666,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GBFH. Legal & General Group Plc bought a new position in GBank Financial during the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new stake in GBank Financial in the second quarter valued at approximately $72,000. Dimensional Fund Advisors LP lifted its position in GBank Financial by 93.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after purchasing an additional 5,657 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of GBank Financial during the second quarter valued at approximately $259,000. Finally, Deutsche Bank AG purchased a new stake in shares of GBank Financial during the second quarter valued at approximately $288,000.

GBank Financial Trading Up 2.8%

GBFH traded up $0.43 during midday trading on Friday, reaching $15.88. 73,123 shares of the company’s stock traded hands, compared to its average volume of 92,800. GBank Financial Holdings Inc. has a 52 week low of $11.51 and a 52 week high of $38.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a fifty day moving average of $18.08 and a two-hundred day moving average of $26.01. The stock has a market capitalization of $230.58 million, a price-to-earnings ratio of 12.70 and a beta of 0.18.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). GBank Financial had a return on equity of 13.00% and a net margin of 14.86%. The business had revenue of $20.34 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities analysts anticipate that GBank Financial Holdings Inc. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GBFH shares. JonesTrading cut their target price on shares of GBank Financial from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Raymond James Financial reiterated an “outperform” rating and set a $20.00 price target on shares of GBank Financial in a report on Thursday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, October 22nd. Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GBank Financial presently has a consensus rating of “Hold” and an average target price of $25.50.

GBank Financial Profile

GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.

GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.

Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.