GBank Financial’s (GBFH) “Buy” Rating Reiterated at JonesTrading

JonesTrading reaffirmed their buy rating on shares of GBank Financial (NASDAQ:GBFHFree Report) in a report released on Thursday morning,Benzinga reports. JonesTrading currently has a $35.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

View Our Latest Stock Analysis on GBFH

GBank Financial Stock Performance

NASDAQ GBFH opened at $21.21 on Thursday. The firm has a market capitalization of $307.97 million, a P/E ratio of 16.57 and a beta of 0.05. GBank Financial has a 1-year low of $19.63 and a 1-year high of $42.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The business’s 50-day simple moving average is $27.35 and its 200-day simple moving average is $28.68.

GBank Financial (NASDAQ:GBFHGet Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.80 million. Equities analysts predict that GBank Financial will post 1.59 EPS for the current year.

Insider Activity

In related news, Director Timothy P. Herbst purchased 10,000 shares of GBank Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the transaction, the director owned 327,126 shares of the company’s stock, valued at approximately $7,033,209. The trade was a 3.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Todd Anthony Nigro purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $21.07 per share, with a total value of $105,350.00. Following the acquisition, the insider owned 286,494 shares in the company, valued at $6,036,428.58. This trade represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 109,463 shares of company stock worth $2,554,969 in the last ninety days. 32.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in GBank Financial during the 4th quarter worth $25,000. BNP Paribas Financial Markets acquired a new position in GBank Financial in the 2nd quarter worth $28,000. Legal & General Group Plc acquired a new stake in shares of GBank Financial during the second quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new stake in shares of GBank Financial during the third quarter valued at about $30,000. Finally, Quantbot Technologies LP purchased a new stake in shares of GBank Financial during the second quarter worth about $69,000.

About GBank Financial

(Get Free Report)

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.

Further Reading

Analyst Recommendations for GBank Financial (NASDAQ:GBFH)

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