GBank Financial Holdings Inc. (NASDAQ:GBFH – Get Free Report) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $37.33.
A number of equities analysts recently issued reports on GBFH shares. JonesTrading reiterated a “buy” rating and issued a $35.00 price target on shares of GBank Financial in a research note on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, October 22nd. Zacks Research upgraded shares of GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.
View Our Latest Report on GBFH
GBank Financial Trading Down 2.3%
NASDAQ:GBFH opened at $17.06 on Friday. The firm has a market capitalization of $247.64 million, a P/E ratio of 13.33 and a beta of 0.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. GBank Financial has a one year low of $16.50 and a one year high of $39.77. The company’s 50-day simple moving average is $18.83 and its 200 day simple moving average is $26.60.
GBank Financial (NASDAQ:GBFH – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. The business had revenue of $20.34 million for the quarter, compared to analysts’ expectations of $22.80 million. As a group, analysts forecast that GBank Financial will post 1.59 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Todd Anthony Nigro purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $21.07 per share, for a total transaction of $105,350.00. Following the purchase, the insider directly owned 286,494 shares in the company, valued at approximately $6,036,428.58. This represents a 1.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles Griege, Jr. purchased 25,000 shares of the business’s stock in a transaction on 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 purchase, the director owned 393,289 shares in the company, valued at approximately $8,270,867.67. This trade represents a 6.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 81,463 shares of company stock worth $1,742,969 over the last 90 days. 32.40% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On GBank Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in GBank Financial during the second quarter valued at approximately $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of GBank Financial in the second quarter worth $72,000. Bank of America Corp DE purchased a new stake in shares of GBank Financial in the second quarter worth $259,000. Deutsche Bank AG bought a new stake in shares of GBank Financial during the 2nd quarter valued at $288,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of GBank Financial by 93.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after buying an additional 5,657 shares in the last quarter.
About GBank Financial
GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.
GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.
Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.
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