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

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $832,500.00. Following the completion of the transaction, the director directly owned 344,289 shares of the company’s stock, valued at $11,464,823.70. The trade was a 7.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

GBank Financial Stock Performance

Shares of NASDAQ:GBFH opened at $35.59 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $508.23 million, a price-to-earnings ratio of 27.38 and a beta of -1.15. The stock has a 50-day simple moving average of $38.89. GBank Financial Holdings Inc. has a fifty-two week low of $26.95 and a fifty-two week high of $46.00.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GBFH. Jones Trading restated a “buy” rating and issued a $55.00 target price on shares of GBank Financial in a report on Wednesday, October 29th. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of GBank Financial during the 2nd quarter valued at $28,000. Legal & General Group Plc bought a new position in GBank Financial in the 2nd quarter worth $29,000. Russell Investments Group Ltd. purchased a new position in GBank Financial during the third quarter valued at $30,000. Ameritas Investment Partners Inc. bought a new stake in GBank Financial during the second quarter valued at about $33,000. Finally, Quantbot Technologies LP purchased a new stake in GBank Financial in the second quarter worth about $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.