GBank Financial (NASDAQ:GBFH – Get Free Report) had its price objective reduced by JonesTrading from $50.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. JonesTrading’s price target suggests a potential upside of 16.59% from the stock’s previous close.
Several other analysts have also weighed in on GBFH. Zacks Research raised GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. Wall Street Zen upgraded shares of GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Raymond James Financial assumed coverage on shares of GBank Financial in a research report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.33.
Read Our Latest Research Report on GBank Financial
GBank Financial Trading Down 1.1%
GBank Financial (NASDAQ:GBFH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.12). GBank Financial had a return on equity of 14.46% and a net margin of 15.62%.The company had revenue of $21.95 million for the quarter, compared to analyst estimates of $21.80 million. Analysts expect that GBank Financial will post 2.03 earnings per share for the current year.
Insider Buying and Selling at GBank Financial
In other news, Director Charles William Jr. Griege bought 24,000 shares of GBank Financial stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the acquisition, the director owned 368,289 shares of the company’s stock, valued at $10,680,381. The trade was a 6.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.40% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of GBank Financial during the second quarter worth $151,000. Legal & General Group Plc acquired a new stake in GBank Financial during the 2nd quarter valued at $29,000. Rhumbline Advisers purchased a new stake in GBank Financial during the 2nd quarter worth $334,000. New York State Common Retirement Fund purchased a new stake in GBank Financial during the 2nd quarter worth $103,000. Finally, Quantbot Technologies LP acquired a new position in GBank Financial in the 2nd quarter worth $69,000.
GBank Financial Company Profile
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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