GBank Financial Holdings Inc. (OTCMKTS:GBFH) Chairman Edward Michael Nigro Sells 23,609 Shares

GBank Financial Holdings Inc. (OTCMKTS:GBFH) Chairman Edward Michael Nigro sold 23,609 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $39.37, for a total transaction of $929,486.33. Following the completion of the transaction, the chairman now owns 623,869 shares of the company’s stock, valued at $24,561,722.53. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Edward Michael Nigro also recently made the following trade(s):

• On Friday, June 6th, Edward Michael Nigro sold 6,391 shares of GBank Financial stock. The shares were sold at an average price of $39.07, for a total value of $249,696.37.

GBank Financial Stock Performance

OTCMKTS:GBFH traded up $0.81 during mid-day trading on Monday, reaching $39.68. The stock had a trading volume of 122,899 shares, compared to its average volume of 26,804. The firm has a market capitalization of $566.39 million, a price-to-earnings ratio of 29.18 and a beta of -0.90. GBank Financial Holdings Inc. has a twelve month low of $15.56 and a twelve month high of $46.00. The business has a 50 day simple moving average of $37.99 and a 200 day simple moving average of $37.30.

GBank Financial (OTCMKTS:GBFH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $17.36 million during the quarter. As a group, sell-side analysts expect that GBank Financial Holdings Inc. will post 1.53 earnings per share for the current year.

GBank Financial Company Profile

GBank Financial Holdings Inc operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada. The company offers business and personal checking and savings accounts. It also provides small business administration loans; commercial real estate, equipment, business term, and medical/professional loans; business lines of credit; accounts receivable/inventory financing services; and credit cards.