Jeffery Ernest Whicker Sells 7,125 Shares of GBank Financial (NASDAQ:GBFH) Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CFO Jeffery Ernest Whicker sold 7,125 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total value of $213,607.50. Following the sale, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at approximately $403,231. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffery Ernest Whicker also recently made the following trade(s):

• On Monday, March 2nd, Jeffery Ernest Whicker sold 24,875 shares of GBank Financial stock. The shares were sold at an average price of $30.07, for a total transaction of $747,991.25.

GBank Financial Stock Down 2.5%

Shares of GBFH stock opened at $29.82 on Friday. GBank Financial Holdings Inc. has a 12-month low of $27.30 and a 12-month high of $45.00. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $32.67 and a 200-day moving average of $35.99. The company has a market capitalization of $428.69 million, a price-to-earnings ratio of 20.57 and a beta of -0.87.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $20.43 million for the quarter. GBank Financial had a net margin of 19.09% and a return on equity of 15.22%.

Institutional Trading of GBank Financial

A number of large investors have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. acquired a new position in shares of GBank Financial during the 2nd quarter worth about $1,832,000. Geode Capital Management LLC bought a new position in GBank Financial in the 2nd quarter valued at about $7,323,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in GBank Financial during the second quarter worth approximately $74,000. JPMorgan Chase & Co. acquired a new stake in GBank Financial during the second quarter worth approximately $151,000. Finally, Legal & General Group Plc bought a new stake in shares of GBank Financial during the second quarter worth approximately $29,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GBFH shares. JonesTrading reduced their price target on GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Hovde Group cut their price objective on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, GBank Financial has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.