GBank Financial (NASDAQ:GBFH) Chairman Edward Michael Nigro Purchases 800 Shares of Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Chairman Edward Michael Nigro purchased 800 shares of GBank Financial stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $34.06 per share, with a total value of $27,248.00. Following the completion of the purchase, the chairman directly owned 16,700 shares in the company, valued at $568,802. This trade represents a 5.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GBank Financial Trading Up 1.4%

GBFH stock traded up $0.48 during trading hours on Thursday, hitting $35.90. 7,284 shares of the stock were exchanged, compared to its average volume of 49,354. GBank Financial Holdings Inc. has a 12 month low of $26.95 and a 12 month high of $46.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 0.97. The firm has a market cap of $512.65 million, a price-to-earnings ratio of 27.62 and a beta of -1.15. The firm has a 50-day moving average price of $38.95.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.30 EPS for the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 14.22%. The business had revenue of $20.18 million for the quarter.

Institutional Trading of GBank Financial

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of GBank Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock worth $20,661,000 after purchasing an additional 2,951 shares in the last quarter. Arista Wealth Management LLC purchased a new position in shares of GBank Financial during the 2nd quarter valued at $10,456,000. Chapin Davis Inc. boosted its position in GBank Financial by 2.5% during the third quarter. Chapin Davis Inc. now owns 208,750 shares of the company’s stock worth $8,198,000 after purchasing an additional 5,150 shares during the period. Geode Capital Management LLC purchased a new position in GBank Financial in the 2nd quarter valued at approximately $7,323,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of GBank Financial by 1.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 88,689 shares of the company’s stock valued at $3,483,000 after purchasing an additional 1,500 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GBFH shares. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research report on Wednesday, October 8th. Wall Street Zen cut GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Jones Trading reaffirmed a “buy” rating and set a $55.00 price objective on shares of GBank Financial in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.00.

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.