GBank Financial (NASDAQ:GBFH) Shares Down 6.3% on Disappointing Earnings

GBank Financial Holdings Inc. (NASDAQ:GBFH) shares traded down 6.3% during trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $40.46 and last traded at $41.08. 9,302 shares were traded during mid-day trading, a decline of 82% from the average session volume of 53,063 shares. The stock had previously closed at $43.86.

The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). GBank Financial had a return on equity of 13.56% and a net margin of 19.53%. The company had revenue of $17.77 million for the quarter, compared to analyst estimates of $19.00 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded GBank Financial to a “hold” rating in a report on Sunday, July 13th.

Hedge Funds Weigh In On GBank Financial

Large investors have recently bought and sold shares of the company. Arcus Capital Partners LLC acquired a new stake in shares of GBank Financial in the second quarter valued at about $203,000. Destiny Wealth Partners LLC bought a new position in GBank Financial in the second quarter valued at approximately $364,000. RVW Wealth LLC acquired a new position in shares of GBank Financial during the 2nd quarter worth approximately $399,000. FNY Investment Advisers LLC bought a new stake in shares of GBank Financial during the 2nd quarter worth approximately $442,000. Finally, Chapin Davis Inc. acquired a new stake in shares of GBank Financial in the 2nd quarter valued at approximately $7,209,000.

GBank Financial Stock Down 5.7%

The company has a market cap of $509.93 million, a price-to-earnings ratio of 26.51 and a beta of -1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 1.03.

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.