Charles William Jr. Griege Acquires 25,000 Shares of GBank Financial (NASDAQ:GBFH) Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $33.30 per share, with a total value of $832,500.00. Following the acquisition, the director directly owned 344,289 shares in the company, valued at approximately $11,464,823.70. This trade represents a 7.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GBank Financial Price Performance

NASDAQ GBFH traded up $1.67 during mid-day trading on Wednesday, hitting $35.42. The company’s stock had a trading volume of 67,488 shares, compared to its average volume of 49,461. The stock has a market cap of $505.80 million, a price-to-earnings ratio of 27.25 and a beta of -1.15. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. GBank Financial Holdings Inc. has a 52-week low of $26.95 and a 52-week high of $46.00. The company has a fifty day moving average price of $39.04.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $20.18 million during the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 14.22%.

Hedge Funds Weigh In On GBank Financial

Institutional investors have recently made changes to their positions in the stock. Chapin Davis Inc. acquired a new stake in shares of GBank Financial in the 2nd quarter worth approximately $7,209,000. RVW Wealth LLC bought a new stake in GBank Financial during the second quarter worth approximately $399,000. Destiny Wealth Partners LLC acquired a new stake in GBank Financial in the second quarter worth approximately $364,000. Arista Wealth Management LLC bought a new position in GBank Financial during the 2nd quarter valued at $10,456,000. Finally, Arcus Capital Partners LLC acquired a new position in shares of GBank Financial during the 2nd quarter valued at $203,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on GBFH shares. Jones Trading restated a “buy” rating and set a $55.00 price objective on shares of GBank Financial in a research note on Wednesday, October 29th. Wall Street Zen lowered GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.