Kennedy Capital Management LLC Has $4.29 Million Holdings in GBank Financial Holdings Inc. $GBFH

Kennedy Capital Management LLC lifted its holdings in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) by 37.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 126,509 shares of the company’s stock after acquiring an additional 34,158 shares during the quarter. Kennedy Capital Management LLC’s holdings in GBank Financial were worth $4,287,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of GBank Financial during the fourth quarter worth $25,000. BNP Paribas Financial Markets acquired a new position in shares of GBank Financial during the second quarter worth $28,000. Legal & General Group Plc acquired a new position in shares of GBank Financial during the second quarter worth $29,000. Russell Investments Group Ltd. acquired a new position in shares of GBank Financial during the third quarter worth $30,000. Finally, Quantbot Technologies LP acquired a new position in shares of GBank Financial during the second quarter worth $69,000.

Insider Transactions at GBank Financial

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GBFH. JonesTrading reiterated a “buy” rating and set a $50.00 price target on shares of GBank Financial in a report on Thursday, April 30th. Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Brean Capital assumed coverage on shares of GBank Financial in a report on Thursday, March 12th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GBank Financial presently has an average rating of “Moderate Buy” and an average price target of $42.33.

GBank Financial Price Performance

GBFH stock opened at $30.20 on Tuesday. The firm has a market cap of $436.99 million, a price-to-earnings ratio of 24.55 and a beta of -0.11. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial Holdings Inc. has a 12-month low of $23.87 and a 12-month high of $44.00. The company’s fifty day simple moving average is $29.07 and its 200 day simple moving average is $30.99.

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

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.