GBank Financial Holdings Inc. (NASDAQ:GBFH) Short Interest Down 17.5% in February

GBank Financial Holdings Inc. (NASDAQ:GBFH) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 561,035 shares, a drop of 17.5% from the January 29th total of 680,049 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average daily volume of 61,241 shares, the short-interest ratio is presently 9.2 days. Based on an average daily volume of 61,241 shares, the short-interest ratio is presently 9.2 days. Currently, 6.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

GBFH has been the topic of a number of research reports. JonesTrading lowered their price objective on GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Hovde Group dropped their price target on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

GBank Financial Price Performance

NASDAQ:GBFH traded down $0.87 during trading hours on Thursday, hitting $29.72. The stock had a trading volume of 26,880 shares, compared to its average volume of 57,623. The company has a 50 day simple moving average of $32.78 and a two-hundred day simple moving average of $36.03. The firm has a market capitalization of $427.37 million, a price-to-earnings ratio of 20.50 and a beta of -0.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95. GBank Financial has a one year low of $27.30 and a one year high of $45.00.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $20.43 million for the quarter. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.

Insider Activity at GBank Financial

In other GBank Financial news, COO Tara Allyce Campbell sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total value of $219,870.00. Following the sale, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. The trade was a 45.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer directly owned 13,450 shares in the company, valued at $404,441.50. This represents a 64.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,000 shares of company stock worth $1,181,469. 37.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GBFH. JCSD Capital LLC bought a new position in shares of GBank Financial in the 3rd quarter worth $1,603,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of GBank Financial during the 2nd quarter worth $74,000. Corsair Capital Management L.P. purchased a new stake in GBank Financial during the second quarter valued at about $621,000. Geode Capital Management LLC bought a new stake in GBank Financial during the second quarter worth about $7,323,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of GBank Financial in the 2nd quarter worth about $1,832,000.

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.