Susquehanna International Group LLP Buys New Shares in GBank Financial Holdings Inc. $GBFH

Susquehanna International Group LLP bought a new position in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 56,101 shares of the company’s stock, valued at approximately $1,700,000.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE bought a new stake in GBank Financial in the second quarter valued at $259,000. Legal & General Group Plc bought a new position in shares of GBank Financial during the 2nd quarter worth about $30,000. BlackRock Inc. bought a new position in shares of GBank Financial during the 2nd quarter worth about $20,156,000. Deutsche Bank AG bought a new position in shares of GBank Financial during the 2nd quarter worth about $288,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of GBank Financial in the 2nd quarter valued at about $703,000.

Insiders Place Their Bets

In other GBank Financial news, CEO Edward Michael Nigro bought 9,200 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $21.51 per share, for a total transaction of $197,892.00. Following the purchase, the chief executive officer directly owned 628,830 shares of the company’s stock, valued at approximately $13,526,133.30. This represents a 1.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey K. Newgard acquired 13,065 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $21.54 per share, for a total transaction of $281,420.10. Following the transaction, the chief executive officer owned 21,661 shares of the company’s stock, valued at approximately $466,577.94. The trade was a 151.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 109,463 shares of company stock worth $2,554,969 in the last three months. 32.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on GBFH. Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Raymond James Financial started coverage on GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 price objective for the company. Finally, JonesTrading reaffirmed a “buy” rating and set a $35.00 target price on shares of GBank Financial in a research report on Thursday, August 20th. Four 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

GBank Financial Stock Performance

NASDAQ:GBFH opened at $20.10 on Monday. 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 50-day moving average of $26.43 and a 200-day moving average of $28.18. The company has a market cap of $291.85 million, a PE ratio of 15.70 and a beta of 0.06. GBank Financial Holdings Inc. has a one year low of $19.40 and a one year high of $42.23.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a return on equity of 14.42% and a net margin of 15.44%. As a group, equities research analysts expect that GBank Financial Holdings Inc. will post 1.59 EPS for the current fiscal year.

About GBank Financial

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.