Jones Trading Cuts GBank Financial (NASDAQ:GBFH) Price Target to $50.00

GBank Financial (NASDAQ:GBFH) had its price objective reduced by Jones Trading from $55.00 to $50.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

GBFH has been the topic of several other research reports. Hovde Group decreased their price target on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.00.

GBank Financial Trading Up 1.8%

Shares of GBank Financial stock opened at $32.53 on Thursday. The company’s 50-day moving average price is $34.05 and its 200-day moving average price is $37.21. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. GBank Financial has a 12-month low of $27.30 and a 12-month high of $45.00. The company has a market cap of $467.78 million, a price-to-earnings ratio of 22.43 and a beta of -1.02.

GBank Financial (NASDAQ:GBFH) last posted its earnings results 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 for the quarter.

Insider Activity

In other news, Chairman Edward Michael Nigro purchased 800 shares of the stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $34.06 per share, for a total transaction of $27,248.00. Following the completion of the transaction, the chairman directly owned 16,700 shares of the company’s stock, valued at approximately $568,802. This trade represents a 5.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Tara Allyce Campbell sold 3,867 shares of GBank Financial stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $35.61, for a total value of $137,703.87. Following the sale, the chief operating officer directly owned 3,733 shares of the company’s stock, valued at approximately $132,932.13. This trade represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 37.70% of the company’s stock.

Hedge Funds Weigh In On GBank Financial

Large investors have recently modified their holdings of the company. Chapin Davis Inc. lifted its position in GBank Financial by 5.1% in the 4th quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock worth $7,434,000 after buying an additional 10,600 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of GBank Financial during the fourth quarter worth approximately $25,000. FNY Investment Advisers LLC raised its stake in shares of GBank Financial by 24.3% during the fourth quarter. FNY Investment Advisers LLC now owns 17,900 shares of the company’s stock worth $606,000 after acquiring an additional 3,500 shares in the last quarter. RVW Wealth LLC lifted its holdings in shares of GBank Financial by 17.9% in the 4th quarter. RVW Wealth LLC now owns 39,854 shares of the company’s stock worth $1,351,000 after acquiring an additional 6,064 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of GBank Financial by 37.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,856 shares of the company’s stock valued at $230,000 after purchasing an additional 1,587 shares in the last quarter.

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.