GBank Financial (NASDAQ:GBFH) CFO Jeffery Ernest Whicker Sells 7,125 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) CFO Jeffery Ernest Whicker sold 7,125 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.98, for a total value of $213,607.50. Following the completion of the sale, the chief financial officer owned 13,450 shares in the company, valued at approximately $403,231. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 transaction of $747,991.25.

GBank Financial Stock Performance

Shares of GBank Financial stock traded up $0.41 on Wednesday, hitting $30.59. The stock had a trading volume of 41,276 shares, compared to its average volume of 53,068. The stock has a market cap of $439.88 million, a price-to-earnings ratio of 21.10 and a beta of -0.87. The business’s 50 day moving average is $32.78 and its two-hundred day moving average is $36.03. 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 twelve month low of $27.30 and a twelve month high of $45.00.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.43 million during the quarter.

Institutional Trading of GBank Financial

A number of hedge funds have recently added to or reduced their stakes in GBFH. JCSD Capital LLC acquired a new position in shares of GBank Financial during the third quarter worth $1,603,000. Police & Firemen s Retirement System of New Jersey bought a new stake in GBank Financial during the 2nd quarter worth $74,000. Corsair Capital Management L.P. bought a new stake in GBank Financial during the 2nd quarter worth $621,000. Geode Capital Management LLC acquired a new position in GBank Financial in the 2nd quarter worth about $7,323,000. Finally, Pekin Hardy Strauss Inc. bought a new position in GBank Financial in the second quarter valued at about $1,832,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GBFH shares. JonesTrading dropped their price target on GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Hovde Group cut their price target 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, Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.00.

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.