GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives $37.33 Consensus Target Price from Brokerages

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $37.3333.

GBFH has been the topic of a number of research analyst reports. Zacks Research downgraded GBank Financial from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Raymond James Financial assumed coverage on GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, JonesTrading dropped their target price on GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Insider Activity

In related news, Director Charles William Jr. Griege bought 25,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of $21.03 per share, for a total transaction of $525,750.00. Following the transaction, the director directly owned 393,289 shares in the company, valued at $8,270,867.67. This represents a 6.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy P. Herbst bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $21.50 per share, with a total value of $215,000.00. Following the transaction, the director owned 327,126 shares in the company, valued at approximately $7,033,209. This represents a 3.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 109,463 shares of company stock valued at $2,554,969 in the last three months. 32.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GBank Financial

A number of hedge funds have recently modified their holdings of GBFH. State of Alaska Department of Revenue acquired a new stake in GBank Financial during the fourth quarter valued at $25,000. BNP Paribas Financial Markets purchased a new position in GBank Financial in the second quarter valued at about $28,000. Legal & General Group Plc purchased a new position in GBank Financial in the second quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new position in GBank Financial in the 3rd quarter worth about $30,000. Finally, Quantbot Technologies LP acquired a new position in GBank Financial in the 2nd quarter worth about $69,000.

GBank Financial Trading Down 1.6%

GBank Financial stock opened at $21.21 on Monday. GBank Financial has a 52 week low of $19.63 and a 52 week high of $42.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market capitalization of $306.91 million, a price-to-earnings ratio of 16.57 and a beta of 0.05. The company has a 50 day moving average price of $28.70 and a 200 day moving average price of $29.23.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $21.95 million for the quarter, compared to analyst estimates of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. Research analysts forecast that GBank Financial will post 1.59 EPS for the current 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.