GBank Financial (NASDAQ:GBFH) Director Acquires $525,750.00 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege acquired 25,000 shares of GBank Financial stock in a transaction on Wednesday, August 5th. The shares were bought at an average cost of $21.03 per share, with a total value of $525,750.00. Following the completion of the transaction, the director owned 393,289 shares of the company’s stock, valued at approximately $8,270,867.67. This trade represents a 6.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles William Jr. Griege also recently made the following trade(s):

• On Friday, June 5th, Charles William Jr. Griege bought 24,000 shares of GBank Financial stock. The shares were bought at an average price of $29.00 per share, with a total value of $696,000.00.
• On Friday, June 5th, Charles William Jr. Griege bought 4,000 shares of GBank Financial stock. The shares were bought at an average cost of $29.00 per share, with a total value of $116,000.00.

GBank Financial Stock Performance

GBFH traded up $0.08 on Friday, reaching $20.93. The company had a trading volume of 106,100 shares, compared to its average volume of 72,358. The stock has a market cap of $302.86 million, a P/E ratio of 16.35 and a beta of 0.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. GBank Financial Holdings Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $42.23. The company’s fifty day moving average is $29.36 and its 200 day moving average is $29.58.

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). The firm had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a return on equity of 14.62% and a net margin of 15.44%. As a group, analysts predict that GBank Financial Holdings Inc. will post 1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GBank Financial

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of GBank Financial during the 2nd quarter worth approximately $20,156,000. Vanguard Group Inc. increased its stake in GBank Financial by 0.6% in the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after acquiring an additional 2,951 shares during the last quarter. Chapin Davis Inc. raised its position in GBank Financial by 5.1% during the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock valued at $7,434,000 after purchasing an additional 10,600 shares in the last quarter. State Street Corp lifted its stake in GBank Financial by 2.2% during the fourth quarter. State Street Corp now owns 190,548 shares of the company’s stock worth $6,458,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after purchasing an additional 34,158 shares in the last quarter.

Analysts Set New Price Targets

GBFH has been the subject of a number of recent research reports. Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Raymond James Financial initiated coverage on shares of GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. JonesTrading dropped their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

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.