Tara Allyce Campbell Sells 7,000 Shares of GBank Financial (NASDAQ:GBFH) Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) COO Tara Allyce Campbell sold 7,000 shares of GBank Financial stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction of $219,870.00. Following the completion of the sale, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. This trade represents a 45.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

GBank Financial Price Performance

GBank Financial stock opened at $30.21 on Friday. The business’s 50 day simple moving average is $33.07 and its 200 day simple moving average is $36.21. GBank Financial Holdings Inc. has a 12 month low of $27.30 and a 12 month high of $45.00. The company has a market cap of $434.42 million, a price-to-earnings ratio of 20.83 and a beta of -1.01. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.The business had revenue of $20.43 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GBFH. Deutsche Bank AG increased its position in shares of GBank Financial by 6.9% during the fourth quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock valued at $220,000 after buying an additional 417 shares during the period. Invesco Ltd. boosted its position in shares of GBank Financial by 12.5% in the fourth quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock valued at $214,000 after acquiring an additional 700 shares during the period. State of Alaska Department of Revenue purchased a new position in GBank Financial during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new position in GBank Financial during the third quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets bought a new stake in GBank Financial during the 2nd quarter worth approximately $28,000.

Wall Street Analyst Weigh In

GBFH has been the topic of several recent research reports. Hovde Group dropped their price objective on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. JonesTrading lowered their price target on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, GBank Financial presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

GBank Financial Company Profile

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.