GBank Financial (NASDAQ:GBFH) COO Sells $219,870.00 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) COO Tara Allyce Campbell sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction of $219,870.00. Following the transaction, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. This represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

GBank Financial Trading Down 3.7%

Shares of NASDAQ:GBFH opened at $30.21 on Monday. The company has a market capitalization of $434.42 million, a P/E ratio of 20.83 and a beta of -0.87. GBank Financial Holdings Inc. has a 1 year low of $27.30 and a 1 year high of $45.00. 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 business’s 50 day simple moving average is $33.07 and its 200 day simple moving average is $36.19.

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

Hedge Funds Weigh In On GBank Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC acquired a new position in shares of GBank Financial during the second quarter worth $7,323,000. Emerald Mutual Fund Advisers Trust acquired a new position in GBank Financial during the 2nd quarter worth about $3,087,000. Pekin Hardy Strauss Inc. bought a new stake in shares of GBank Financial in the 2nd quarter valued at about $1,832,000. JCSD Capital LLC bought a new stake in shares of GBank Financial in the 3rd quarter valued at about $1,603,000. Finally, Kennedy Capital Management LLC increased its stake in shares of GBank Financial by 37.0% in the fourth 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GBFH shares. Hovde Group cut their price objective on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. JonesTrading cut their price target on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.