GBank Financial (NASDAQ:GBFH) Announces Quarterly Earnings Results

GBank Financial (NASDAQ:GBFH) issued its earnings results on Wednesday. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02, FiscalAI reports. The company had revenue of $20.43 million during the quarter. GBank Financial had a net margin of 19.09% and a return on equity of 15.22%.

GBank Financial Stock Up 0.5%

Shares of NASDAQ GBFH traded up $0.16 during trading on Friday, hitting $32.12. The stock had a trading volume of 2,586 shares, compared to its average volume of 56,537. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95. The firm has a fifty day moving average of $34.06 and a two-hundred day moving average of $37.25. GBank Financial has a 12 month low of $27.30 and a 12 month high of $45.00. The company has a market capitalization of $461.89 million, a PE ratio of 22.15 and a beta of -1.02.

Analyst Ratings Changes

GBFH has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Hovde Group dropped their price target on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Jones Trading reduced their price objective on GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, GBank Financial has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Insiders Place Their Bets

In other GBank Financial news, Chairman Edward Michael Nigro bought 800 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $34.06 per share, with a total value of $27,248.00. Following the transaction, the chairman directly owned 16,700 shares in the company, valued at $568,802. This trade represents a 5.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles William Jr. Griege acquired 25,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $832,500.00. Following the transaction, the director owned 344,289 shares of the company’s stock, valued at approximately $11,464,823.70. This trade represents a 7.83% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 37.70% of the company’s stock.

Hedge Funds Weigh In On GBank Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial in the fourth quarter valued at $25,000. Russell Investments Group Ltd. purchased a new stake in shares of GBank Financial during the third quarter worth $30,000. BNP Paribas Financial Markets bought a new position in shares of GBank Financial in the second quarter worth $28,000. Legal & General Group Plc purchased a new position in shares of GBank Financial in the second quarter valued at $29,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in GBank Financial during the 2nd quarter worth about $33,000.

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.