GBank Financial Holdings Inc. (NASDAQ:GBFH – Get Free Report) Director Charles William Jr. Griege bought 25,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of $21.03 per share, for a total transaction of $525,750.00. Following the purchase, the director owned 393,289 shares in the company, valued at approximately $8,270,867.67. This represents a 6.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Charles William Jr. Griege also recently made the following trade(s):
- On Friday, June 5th, Charles William Jr. Griege purchased 24,000 shares of GBank Financial stock. The shares were bought at an average cost of $29.00 per share, for a total transaction of $696,000.00.
- On Friday, June 5th, Charles William Jr. Griege purchased 4,000 shares of GBank Financial stock. The stock was purchased at an average price of $29.00 per share, with a total value of $116,000.00.
GBank Financial Stock Up 0.1%
Shares of GBank Financial stock opened at $20.88 on Friday. The business has a 50-day moving average price of $29.18 and a 200 day moving average price of $29.52. GBank Financial Holdings Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $42.23. The firm has a market cap of $302.13 million, a P/E ratio of 16.31 and a beta of 0.05. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.
Wall Street Analyst Weigh In
Several research firms have weighed in on GBFH. Raymond James Financial initiated coverage on shares of GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 target price for the company. JonesTrading decreased their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GBank Financial presently has an average rating of “Moderate Buy” and an average target price of $37.33.
Get Our Latest Analysis on GBFH
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in GBank Financial in the second quarter worth about $151,000. Legal & General Group Plc acquired a new position in GBank Financial during the 2nd quarter valued at about $29,000. Rhumbline Advisers acquired a new position in GBank Financial during the 2nd quarter valued at about $334,000. New York State Common Retirement Fund bought a new stake in shares of GBank Financial during the 2nd quarter worth about $103,000. Finally, Quantbot Technologies LP bought a new stake in shares of GBank Financial during the 2nd quarter worth about $69,000.
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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