GBank Financial (NASDAQ:GBFH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of GBank Financial (NASDAQ:GBFH) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other analysts have also issued reports on GBFH. JonesTrading lowered their target price on GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. Raymond James Financial began coverage on GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, Zacks Research downgraded GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

GBank Financial Stock Performance

Shares of GBank Financial stock opened at $21.46 on Friday. The business’s fifty day simple moving average is $28.39 and its 200 day simple moving average is $29.10. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. GBank Financial has a 12 month low of $19.63 and a 12 month high of $42.23. The firm has a market capitalization of $310.53 million, a P/E ratio of 16.77 and a beta of 0.05.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $21.95 million for the quarter, compared to analysts’ expectations of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. As a group, analysts anticipate that GBank Financial will post 1.59 EPS for the current year.

Insider Transactions at GBank Financial

In other news, Director Timothy P. Herbst bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the transaction, the director directly owned 327,126 shares of the company’s stock, valued at $7,033,209. This represents a 3.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward Michael Nigro purchased 9,200 shares of GBank Financial stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $21.51 per share, for a total transaction of $197,892.00. Following the completion of the transaction, the chief executive officer directly owned 628,830 shares of the company’s stock, valued at approximately $13,526,133.30. The trade was a 1.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 109,463 shares of company stock worth $2,554,969. Company insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of GBank Financial during the 2nd quarter valued at $20,156,000. Kennedy Capital Management LLC boosted its position in GBank Financial by 37.0% during the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after buying an additional 34,158 shares during the period. T3 Companies LLC bought a new position in shares of GBank Financial during the fourth quarter valued at about $888,000. Bank of New York Mellon Corp bought a new position in shares of GBank Financial during the second quarter valued at about $703,000. Finally, JCSD Capital LLC increased its holdings in shares of GBank Financial by 54.2% in the fourth quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after buying an additional 22,131 shares during the period.

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.