GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives Average Rating of “Hold” from Analysts

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.00.

GBFH has been the topic of a number of recent research reports. Brean Capital initiated coverage on GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating on the stock. Hovde Group lowered their target price on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings lowered GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Zacks Research lowered GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, JonesTrading restated a “buy” rating and set a $50.00 price objective on shares of GBank Financial in a research note on Thursday, April 30th.

Insiders Place Their Bets

In other GBank Financial news, COO Tara Allyce Campbell sold 7,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction of $219,870.00. Following the transaction, the chief operating officer owned 8,399 shares in the company, valued at $263,812.59. This trade represents a 45.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer owned 13,450 shares in the company, valued at approximately $404,441.50. This trade represents a 64.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,000 shares of company stock worth $1,181,469. Corporate insiders own 32.40% of the company’s stock.

Hedge Funds Weigh In On GBank Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its stake in GBank Financial by 6.9% during the 4th quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock worth $220,000 after acquiring an additional 417 shares during the period. Invesco Ltd. increased its stake in GBank Financial by 12.5% during the 4th quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock worth $214,000 after acquiring an additional 700 shares during the period. State of Alaska Department of Revenue bought a new position in shares of GBank Financial in the 4th quarter valued at $25,000. Russell Investments Group Ltd. bought a new position in shares of GBank Financial in the 3rd quarter valued at $30,000. Finally, BNP Paribas Financial Markets bought a new position in shares of GBank Financial in the 2nd quarter valued at $28,000.

GBank Financial Price Performance

Shares of NASDAQ GBFH opened at $29.16 on Friday. The firm has a market cap of $421.95 million, a P/E ratio of 23.71 and a beta of -0.10. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. GBank Financial has a 1-year low of $23.87 and a 1-year high of $44.00. The business’s 50 day moving average is $28.23 and its 200-day moving average is $32.23.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The firm had revenue of $19.14 million for the quarter, compared to the consensus estimate of $22.10 million. GBank Financial had a return on equity of 14.66% and a net margin of 15.62%. Equities research analysts predict that GBank Financial will post 2.11 earnings per share for the current year.

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.