GBank Financial (NASDAQ:GBFH) Director Charles William Jr. Griege Purchases 25,000 Shares of Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege purchased 25,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was acquired at an average cost of $21.03 per share, for a total transaction of $525,750.00. Following the acquisition, the director owned 393,289 shares in the company, valued at approximately $8,270,867.67. This represents a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

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

GBank Financial Price Performance

GBFH stock opened at $20.88 on Friday. The firm has a 50 day simple moving average of $29.18 and a two-hundred day simple moving average of $29.52. The stock has a market cap of $302.13 million, a PE ratio of 16.31 and a beta of 0.05. GBank Financial Holdings Inc. has a one year low of $19.63 and a one year high of $42.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96.

GBank Financial (NASDAQ:GBFH) last posted 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). GBank Financial had a return on equity of 14.62% and a net margin of 15.44%.The company had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. On average, analysts predict that GBank Financial Holdings Inc. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GBFH shares. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Zacks Research lowered GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Raymond James Financial started coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target on the stock. JonesTrading decreased their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Institutional Trading of GBank Financial

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

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.