Emerald Mutual Fund Advisers Trust Invests $3.09 Million in GBank Financial Holdings Inc. $GBFH

Emerald Mutual Fund Advisers Trust purchased a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 87,189 shares of the company’s stock, valued at approximately $3,087,000.

Other large investors have also modified their holdings of the company. Arcus Capital Partners LLC bought a new position in shares of GBank Financial during the second quarter worth about $203,000. Emerald Advisers LLC bought a new position in shares of GBank Financial during the second quarter worth about $320,000. Destiny Wealth Partners LLC bought a new position in shares of GBank Financial during the second quarter worth about $364,000. RVW Wealth LLC bought a new position in shares of GBank Financial during the second quarter worth about $399,000. Finally, FNY Investment Advisers LLC bought a new position in shares of GBank Financial during the second quarter worth about $442,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a report on Wednesday, October 8th. Jones Trading reissued a “buy” rating and issued a $55.00 target price on shares of GBank Financial in a report on Wednesday. Finally, Wall Street Zen cut shares of GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.00.

GBank Financial Stock Down 0.9%

Shares of NASDAQ GBFH opened at $38.18 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $39.96. GBank Financial Holdings Inc. has a 52-week low of $26.95 and a 52-week high of $46.00. The company has a market capitalization of $545.21 million, a PE ratio of 27.87 and a beta of -1.12.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Monday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). GBank Financial had a return on equity of 13.31% and a net margin of 19.53%.The business had revenue of $17.77 million during the quarter, compared to the consensus estimate of $19.00 million.

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.