GBank Financial Holdings Inc. $GBFH Stock Sold by RVW Wealth LLC

RVW Wealth LLC cut its stake in shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) by 38.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,499 shares of the company’s stock after selling 45,524 shares during the period. RVW Wealth LLC owned about 0.51% of GBank Financial worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in GBank Financial in the 2nd quarter valued at $72,000. Squarepoint Ops LLC bought a new stake in shares of GBank Financial during the 2nd quarter worth $759,000. Susquehanna International Group LLP bought a new stake in shares of GBank Financial during the 2nd quarter worth $1,700,000. Bank of America Corp DE purchased a new position in shares of GBank Financial in the 2nd quarter worth about $259,000. Finally, Legal & General Group Plc purchased a new position in shares of GBank Financial in the 2nd quarter worth about $30,000.

GBank Financial Price Performance

Shares of GBFH traded down $0.02 during mid-day trading on Tuesday, reaching $17.64. 34,352 shares of the stock traded hands, compared to its average volume of 73,474. The company has a market cap of $256.06 million, a price-to-earnings ratio of 13.78 and a beta of 0.07. GBank Financial Holdings Inc. has a 1 year low of $17.50 and a 1 year high of $42.23. The firm has a fifty day moving average price of $20.48 and a 200 day moving average price of $26.11. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

A number of analysts have issued reports on GBFH shares. Zacks Research downgraded GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Finally, JonesTrading restated a “buy” rating and issued a $35.00 price objective on shares of GBank Financial in a research note on Thursday, August 20th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Insider Activity

In related news, insider Todd Anthony Nigro bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $21.07 per share, for a total transaction of $105,350.00. Following the completion of the transaction, the insider directly owned 286,494 shares in the company, valued at $6,036,428.58. This trade represents a 1.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey K. Newgard purchased 13,065 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $21.54 per share, with a total value of $281,420.10. Following the purchase, the chief executive officer owned 21,661 shares in the company, valued at approximately $466,577.94. This represents a 151.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 81,463 shares of company stock worth $1,742,969. Company insiders own 32.40% of the company’s stock.

GBank Financial Company Profile

GBank Financial, Inc is the bank holding company for GBank, a Nevada-based commercial bank headquartered in Las Vegas. The company focuses primarily on serving small and medium-sized businesses, commercial real estate investors, professionals and other business customers.

GBank provides commercial banking products and services that include business checking and savings accounts, commercial and industrial loans, commercial real estate financing, construction lending and Small Business Administration loans.