Insider Buying: GBank Financial (NASDAQ:GBFH) Insider Purchases 5,000 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) insider Todd Anthony Nigro purchased 5,000 shares of the business’s 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 acquisition, the insider directly owned 286,494 shares in the company, valued at approximately $6,036,428.58. This represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GBank Financial Price Performance

GBank Financial stock traded down $1.06 during mid-day trading on Wednesday, reaching $20.39. The company had a trading volume of 189,628 shares, compared to its average volume of 71,331. The company has a market capitalization of $295.04 million, a P/E ratio of 15.93 and a beta of 0.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The stock’s 50-day simple moving average is $29.71 and its 200-day simple moving average is $29.75. GBank Financial Holdings Inc. has a 1 year low of $19.63 and a 1 year high of $42.23.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. The firm had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $21.80 million. On average, equities analysts predict that GBank Financial Holdings Inc. will post 1.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in GBank Financial by 93.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock worth $313,000 after acquiring an additional 5,657 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in GBank Financial by 19.6% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after acquiring an additional 19,311 shares during the period. Emerald Advisers LLC grew its position in GBank Financial by 223.2% in the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock valued at $782,000 after buying an additional 20,185 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of GBank Financial in the first quarter valued at approximately $535,000. Finally, Invesco Ltd. increased its position in shares of GBank Financial by 12.5% during the 4th quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock valued at $214,000 after purchasing an additional 700 shares during the period.

Analysts Set New Price Targets

GBFH has been the subject of a number of recent research reports. JonesTrading lowered their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. 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 shares of GBank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Raymond James Financial assumed coverage on GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.