GBank Financial (NASDAQ:GBFH) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of GBank Financial (NASDAQ:GBFH) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Raymond James Financial initiated coverage on GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target on the stock. Brean Capital assumed coverage on GBank Financial in a report on Thursday, March 12th. They set a “buy” rating for the company. Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, JonesTrading reaffirmed a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, GBank Financial currently has an average rating of “Moderate Buy” and an average price target of $42.33.

GBank Financial Trading Down 0.7%

Shares of GBank Financial stock opened at $30.31 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial has a 12-month low of $23.87 and a 12-month high of $44.00. The company has a market capitalization of $438.59 million, a price-to-earnings ratio of 24.64 and a beta of -0.12. The firm’s 50-day moving average price is $29.34 and its two-hundred day moving average price is $30.61.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The firm had revenue of $19.65 million during the quarter, compared to analyst estimates of $22.10 million. On average, analysts forecast that GBank Financial will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GBank Financial news, Director Charles William Jr. Griege bought 24,000 shares of GBank Financial stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $29.00 per share, with a total value of $696,000.00. Following the acquisition, the director directly owned 368,289 shares of the company’s stock, valued at $10,680,381. The trade was a 6.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GBank Financial

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in GBank Financial in the fourth quarter valued at $25,000. BNP Paribas Financial Markets acquired a new position in GBank Financial during the 2nd quarter worth about $28,000. Legal & General Group Plc acquired a new position in GBank Financial during the 2nd quarter worth about $29,000. Russell Investments Group Ltd. bought a new stake in shares of GBank Financial in the 3rd quarter valued at about $30,000. Finally, Quantbot Technologies LP acquired a new stake in shares of GBank Financial in the second quarter valued at about $69,000.

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.