GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Has Average Target Price of $37.33 According to Brokerages

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $37.33.

GBFH has been the subject of several research analyst reports. JonesTrading reaffirmed a “buy” rating and issued a $35.00 target price on shares of GBank Financial in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Thursday. Zacks Research upgraded GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

GBank Financial Stock Down 0.7%

Shares of NASDAQ:GBFH opened at $17.37 on Friday. The stock has a market capitalization of $252.21 million, a P/E ratio of 13.57 and a beta of 0.07. GBank Financial has a 12-month low of $16.50 and a 12-month high of $39.88. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $19.04 and its 200-day moving average price is $25.25.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Wednesday, July 29th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). GBank Financial had a return on equity of 14.42% and a net margin of 15.44%. The firm had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $21.80 million. On average, equities analysts anticipate that GBank Financial will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other GBank Financial news, insider Todd Anthony Nigro purchased 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $21.07 per share, for a total transaction of $105,350.00. Following the purchase, the insider directly owned 286,494 shares of the company’s stock, valued at $6,036,428.58. This trade represents a 1.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey K. Newgard bought 19,198 shares of GBank Financial stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $21.75 per share, for a total transaction of $417,556.50. Following the completion of the acquisition, the chief executive officer directly owned 12,889 shares of the company’s stock, valued at approximately $280,335.75. The trade was a -304.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 81,463 shares of company stock worth $1,742,969 in the last three months. Corporate insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Several hedge funds have recently made changes to their positions in GBFH. Legal & General Group Plc purchased a new position in GBank Financial during the second quarter valued at approximately $30,000. Integrated Wealth Concepts LLC bought a new position in shares of GBank Financial during the 2nd quarter worth approximately $72,000. Dimensional Fund Advisors LP lifted its holdings in shares of GBank Financial by 93.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after purchasing an additional 5,657 shares during the last quarter. Bank of America Corp DE acquired a new position in GBank Financial during the 2nd quarter valued at about $259,000. Finally, Deutsche Bank AG purchased a new stake in shares of GBank Financial during the second quarter worth about $288,000.

About GBank Financial

GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.

GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.

Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.