GBank Financial (NASDAQ:GBFH) Rating Increased to Hold 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 note published on Saturday morning.

Other equities analysts also recently issued research reports about the stock. Hovde Group lowered their target price on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Finally, JonesTrading decreased their price target on GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.00.

GBank Financial Stock Down 2.6%

Shares of NASDAQ:GBFH opened at $29.05 on Friday. The firm’s 50 day moving average price is $32.53 and its 200 day moving average price is $35.91. The stock has a market cap of $417.74 million, a price-to-earnings ratio of 20.03 and a beta of -0.87. GBank Financial has a fifty-two week low of $27.30 and a fifty-two week high of $45.00. 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 (NASDAQ:GBFH) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) 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 company had revenue of $20.43 million during the quarter.

Insider Buying and Selling at GBank Financial

In other news, COO Tara Allyce Campbell sold 7,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total transaction of $219,870.00. Following the completion of the sale, the chief operating officer owned 8,399 shares in the company, valued at approximately $263,812.59. This represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer directly owned 13,450 shares in the company, valued at approximately $404,441.50. This represents a 64.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,000 shares of company stock worth $1,181,469 over the last three months. 37.70% of the stock is currently owned by insiders.

Institutional Trading of GBank Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in shares of GBank Financial in the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of GBank Financial during the second quarter worth $28,000. Legal & General Group Plc purchased a new position in GBank Financial in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new position in GBank Financial in the 3rd quarter valued at $30,000. Finally, Ameritas Investment Partners Inc. acquired a new position in GBank Financial in the 2nd quarter valued at $33,000.

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.