Zacks Research upgraded shares of GBank Financial (NASDAQ:GBFH – Free Report) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks reports.
A number of other equities research analysts have also weighed in on GBFH. JonesTrading restated a “buy” rating and set a $35.00 price objective on shares of GBank Financial in a research report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, GBank Financial currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.
Get Our Latest Stock Analysis on GBank Financial
GBank Financial Trading Down 0.1%
GBank Financial (NASDAQ:GBFH – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a return on equity of 14.42% and a net margin of 15.44%. Equities analysts anticipate that GBank Financial will post 1.59 EPS for the current fiscal year.
Insider Transactions at GBank Financial
In other news, CEO Edward Nigro acquired 9,200 shares of GBank Financial stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $21.51 per share, with a total value of $197,892.00. Following the purchase, the chief executive officer owned 628,830 shares in the company, valued at $13,526,133.30. This trade represents a 1.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles Griege, Jr. acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of $21.03 per share, with a total value of $525,750.00. Following the completion of the transaction, the director owned 393,289 shares of the company’s stock, valued at $8,270,867.67. This trade represents a 6.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 81,463 shares of company stock worth $1,742,969. Company insiders own 32.40% of the company’s stock.
Institutional Trading of GBank Financial
Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of GBank Financial in the 2nd quarter valued at about $72,000. Squarepoint Ops LLC bought a new stake in GBank Financial in the second quarter worth approximately $759,000. Susquehanna International Group LLP bought a new stake in GBank Financial in the second quarter worth approximately $1,700,000. Bank of America Corp DE acquired a new position in GBank Financial in the second quarter valued at approximately $259,000. Finally, Legal & General Group Plc bought a new position in shares of GBank Financial during the 2nd quarter worth approximately $30,000.
GBank Financial Company Profile
GBank Financial, Inc is the bank holding company for GBank, a Nevada-based commercial bank headquartered in Las Vegas. The company focuses primarily on serving small and medium-sized businesses, commercial real estate investors, professionals and other business customers.
GBank provides commercial banking products and services that include business checking and savings accounts, commercial and industrial loans, commercial real estate financing, construction lending and Small Business Administration loans.
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