GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.33.

A number of equities analysts recently weighed in on GBFH shares. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. JonesTrading reissued a “buy” rating and issued a $35.00 target price on shares of GBank Financial in a report on Thursday, August 20th. Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.

GBank Financial Stock Performance

Shares of GBFH stock opened at $17.66 on Tuesday. The company has a market capitalization of $256.42 million, a price-to-earnings ratio of 13.80 and a beta of 0.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. GBank Financial has a one year low of $17.50 and a one year high of $42.23. The company’s 50-day moving average is $20.48 and its 200 day moving average is $26.11.

GBank Financial (NASDAQ:GBFH) last issued 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). GBank Financial had a return on equity of 14.42% and a net margin of 15.44%.The firm had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $21.80 million. Sell-side analysts expect that GBank Financial will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Edward Nigro purchased 9,200 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $21.51 per share, with a total value of $197,892.00. Following the acquisition, the chief executive officer directly owned 628,830 shares in the company, valued at $13,526,133.30. The trade was a 1.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd Anthony Nigro purchased 5,000 shares of GBank Financial stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $21.07 per share, with a total value of $105,350.00. Following the completion of the purchase, the insider directly owned 286,494 shares of the company’s stock, valued at approximately $6,036,428.58. This trade represents a 1.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 81,463 shares of company stock worth $1,742,969 in the last quarter. Insiders own 32.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in shares of GBank Financial in the 2nd quarter worth $30,000. Integrated Wealth Concepts LLC bought a new position in GBank Financial in the 2nd quarter worth $72,000. Bank of America Corp DE purchased a new position in GBank Financial during the second quarter valued at $259,000. Deutsche Bank AG purchased a new position in GBank Financial during the second quarter valued at $288,000. Finally, Dimensional Fund Advisors LP grew its holdings in GBank Financial by 93.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after purchasing an additional 5,657 shares during the period.

GBank Financial Company Profile

GBank Financial, Inc is the bank holding company for GBank, a Nevada-based commercial bank headquartered in Las Vegas. The company focuses primarily on serving small and medium-sized businesses, commercial real estate investors, professionals and other business customers.

GBank provides commercial banking products and services that include business checking and savings accounts, commercial and industrial loans, commercial real estate financing, construction lending and Small Business Administration loans.