GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Consensus Rating of “Moderate Buy” by Analysts

GBank Financial Holdings Inc. (NASDAQ:GBFH) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $37.3333.

GBFH has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial began coverage on shares of GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target for the company. JonesTrading dropped their target price on 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, Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st.

Insider Activity

In other news, Director Timothy P. Herbst acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $21.50 per share, with a total value of $215,000.00. Following the transaction, the director owned 327,126 shares of the company’s stock, valued at $7,033,209. This trade represents a 3.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles William Jr. Griege acquired 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 393,289 shares in the company, valued at $8,270,867.67. This represents a 6.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 109,463 shares of company stock worth $2,554,969. Company insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in GBank Financial during the second quarter valued at approximately $20,156,000. Kennedy Capital Management LLC grew its holdings in shares of GBank Financial by 37.0% in the fourth 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. T3 Companies LLC bought a new stake in shares of GBank Financial in the 4th quarter worth about $888,000. Bank of New York Mellon Corp purchased a new stake in GBank Financial during the second quarter valued at approximately $703,000. Finally, JCSD Capital LLC lifted its position in GBank Financial by 54.2% in the fourth quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after buying an additional 22,131 shares during the last quarter.

GBank Financial Price Performance

GBank Financial stock opened at $21.46 on Monday. GBank Financial has a 12 month low of $19.63 and a 12 month high of $42.23. The company has a market capitalization of $310.53 million, a price-to-earnings ratio of 16.77 and a beta of 0.05. The stock’s 50 day moving average is $28.39 and its 200-day moving average is $29.10. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18.

GBank Financial (NASDAQ:GBFH) last announced 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 return on equity of 14.62% and a net margin of 15.44%.The business had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. Equities research analysts expect that GBank Financial will post 1.59 EPS for the current year.

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.