Weiss Ratings Reiterates Hold (C) Rating for GBank Financial (NASDAQ:GBFH)

GBank Financial (NASDAQ:GBFH)‘s stock had its “hold (c)” rating reaffirmed by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other brokerages have also commented on GBFH. Jones Trading started coverage on shares of GBank Financial in a research note on Monday, September 29th. They issued a “buy” rating and a $55.00 price target on the stock. Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

GBank Financial Trading Up 0.3%

Shares of GBFH stock opened at $42.01 on Wednesday. The firm’s 50-day moving average price is $39.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.02. The firm has a market cap of $599.90 million, a PE ratio of 30.66 and a beta of -1.12. GBank Financial has a twelve month low of $24.29 and a twelve month high of $46.00.

GBank Financial (NASDAQ:GBFH) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $19.00 million.

Institutional Investors Weigh In On GBank Financial

Several hedge funds have recently modified their holdings of the stock. Militia Capital Partners LP acquired a new stake in shares of GBank Financial during the second quarter worth $776,000. BNP Paribas Financial Markets acquired a new stake in shares of GBank Financial during the second quarter worth $28,000. Bank of America Corp DE acquired a new stake in shares of GBank Financial during the second quarter worth $535,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of GBank Financial during the second quarter worth $174,000. Finally, Quantbot Technologies LP acquired a new stake in shares of GBank Financial during the second quarter worth $69,000.

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.