GBank Financial (NASDAQ:GBFH) Upgraded 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 brokerages also recently weighed in on GBFH. JonesTrading dropped their target price on GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Brean Capital initiated coverage on GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating on the stock. Hovde Group dropped their target price on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

GBank Financial Stock Up 1.2%

Shares of GBFH stock opened at $27.81 on Friday. GBank Financial has a 1-year low of $23.87 and a 1-year high of $45.00. The stock’s fifty day moving average price is $29.93 and its 200 day moving average price is $33.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95. The company has a market cap of $402.41 million, a price-to-earnings ratio of 19.18 and a beta of -0.40.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.The firm had revenue of $20.43 million for the quarter.

Insider Transactions at GBank Financial

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 7,125 shares of GBank Financial stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total transaction of $213,607.50. Following the completion of the sale, the chief financial officer owned 13,450 shares of the company’s stock, valued at approximately $403,231. The trade was a 34.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Tara Allyce Campbell sold 7,000 shares of GBank Financial stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total value of $219,870.00. Following the sale, the chief operating officer directly owned 8,399 shares of the company’s stock, valued at approximately $263,812.59. This represents a 45.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 39,000 shares of company stock valued at $1,181,469. 37.70% of the stock is currently owned by insiders.

Institutional Trading of GBank Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in GBank Financial by 12.5% during the 4th quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock worth $214,000 after acquiring an additional 700 shares during the period. Millennium Management LLC acquired a new position in shares of GBank Financial in the 4th quarter valued at about $316,000. Kennedy Capital Management LLC lifted its holdings in shares of GBank Financial by 37.0% in the 4th 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. Barclays PLC lifted its holdings in shares of GBank Financial by 10.6% in the 4th quarter. Barclays PLC now owns 14,029 shares of the company’s stock valued at $475,000 after buying an additional 1,348 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of GBank Financial in the 4th quarter valued at about $220,000.

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.