GBank Financial (NASDAQ:GBFH) Stock Rating Lowered by Wall Street Zen

GBank Financial (NASDAQ:GBFH) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Several other research firms have also recently weighed in on GBFH. Hovde Group dropped their price target on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. JonesTrading reduced their price target on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Finally, Brean Capital initiated coverage on GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

GBank Financial Stock Up 1.0%

GBFH stock opened at $26.54 on Friday. The firm has a market cap of $381.65 million, a PE ratio of 18.30 and a beta of -0.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.01. The firm’s fifty day moving average is $31.79 and its 200 day moving average is $35.35. GBank Financial has a one year low of $25.75 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 for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. GBank Financial had a net margin of 19.09% and a return on equity of 15.22%. The business had revenue of $20.43 million during the quarter.

Insider Buying and Selling

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

Hedge Funds Weigh In On GBank Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in GBank Financial in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of GBank Financial during the third quarter worth about $30,000. BNP Paribas Financial Markets purchased a new position in shares of GBank Financial in the second quarter valued at approximately $28,000. Legal & General Group Plc purchased a new position in shares of GBank Financial in the second quarter valued at approximately $29,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of GBank Financial in the second quarter valued at approximately $33,000.

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.