GBank Financial Holdings Inc. (NASDAQ:GBFH – Get Free Report) CEO Jeffrey Newgard bought 19,198 shares of GBank Financial stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price of $21.75 per share, with a total value of $417,556.50. Following the purchase, the chief executive officer owned 12,889 shares of the company’s stock, valued at $280,335.75. This trade represents a -304.30% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
GBank Financial Stock Up 0.1%
NASDAQ GBFH opened at $20.88 on Friday. The stock’s 50 day moving average is $29.18 and its two-hundred day moving average is $29.52. GBank Financial Holdings Inc. has a 1-year low of $19.63 and a 1-year high of $42.23. The company has a market capitalization of $302.13 million, a price-to-earnings ratio of 16.31 and a beta of 0.05. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. The firm had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. Equities analysts forecast that GBank Financial Holdings Inc. will post 1.59 earnings per share for the current fiscal year.
Hedge Funds Weigh In On GBank Financial
Wall Street Analyst Weigh In
GBFH has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Raymond James Financial assumed coverage on GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 price objective for the company. JonesTrading cut their target price on GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Zacks Research lowered GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.33.
View Our Latest Stock Analysis on GBFH
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.
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