Insider Selling: GBank Financial (NASDAQ:GBFH) CFO Sells $213,607.50 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CFO Jeffery Ernest Whicker sold 7,125 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total value of $213,607.50. Following the sale, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at approximately $403,231. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeffery Ernest Whicker also recently made the following trade(s):

• On Monday, March 2nd, Jeffery Ernest Whicker sold 24,875 shares of GBank Financial stock. The shares were sold at an average price of $30.07, for a total value of $747,991.25.

GBank Financial Stock Performance

Shares of GBank Financial stock opened at $29.05 on Friday. The firm has a market cap of $417.74 million, a PE ratio of 20.03 and a beta of -0.87. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.17. GBank Financial Holdings Inc. has a 52 week low of $27.30 and a 52 week high of $45.00. The business’s fifty day simple moving average is $32.53 and its 200-day simple moving average is $35.93.

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 firm had revenue of $20.43 million during the quarter. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBFH shares. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Hovde Group dropped their target price on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Finally, JonesTrading dropped their target price on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, GBank Financial currently has an average rating of “Moderate Buy” and an average target price of $46.00.

Hedge Funds Weigh In On GBank Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of GBFH. Geode Capital Management LLC acquired a new position in GBank Financial in the 2nd quarter valued at about $7,323,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of GBank Financial during the second quarter worth about $1,832,000. JCSD Capital LLC acquired a new stake in shares of GBank Financial during the third quarter worth about $1,603,000. Kennedy Capital Management LLC boosted its stake in shares of GBank Financial by 37.0% in the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after purchasing an additional 34,158 shares during the period. Finally, T3 Companies LLC purchased a new position in shares of GBank Financial in the fourth quarter valued at approximately $888,000.

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.