GBank Financial (NASDAQ:GBFH) Director Timothy Herbst Buys 10,000 Shares of Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Timothy Herbst acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the acquisition, the director directly owned 327,126 shares of the company’s stock, valued at approximately $7,033,209. The trade was a 3.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GBank Financial Price Performance

Shares of NASDAQ:GBFH opened at $20.39 on Thursday. The company has a market cap of $295.04 million, a P/E ratio of 15.93 and a beta of 0.05. The business has a fifty day simple moving average of $29.53 and a 200-day simple moving average of $29.66. GBank Financial Holdings Inc. has a 52 week low of $19.63 and a 52 week high of $42.23. 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 (NASDAQ:GBFH) last released its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). GBank Financial had a return on equity of 14.62% and a net margin of 15.44%.The business had revenue of $21.95 million for the quarter, compared to analysts’ expectations of $21.80 million. Equities research analysts forecast that GBank Financial Holdings Inc. will post 1.87 EPS for the current year.

Key Stories Impacting GBank Financial

Here are the key news stories impacting GBank Financial this week:

• Positive Sentiment: CEO Jeffrey K. Newgard purchased 13,065 shares at an average of $21.54, investing approximately $281,420. The purchase increased his reported ownership to 21,661 shares. SEC filing
• Positive Sentiment: Newgard also reported buying 19,198 shares at an average price of $21.75, representing an investment of approximately $417,557. The filings indicate significant additional insider exposure to GBFH. SEC filing
• Positive Sentiment: Director Timothy P. Herbst acquired 10,000 shares at $21.50 per share, investing $215,000 and increasing his holding to 327,126 shares. SEC filing
• Positive Sentiment: CEO Edward Michael Nigro purchased 9,200 shares at an average of $21.51, spending approximately $197,892. His direct ownership rose to 628,830 shares. SEC filing
• Positive Sentiment: Insider Todd Anthony Nigro bought 5,000 shares at $21.07, adding approximately $105,350 to his position and increasing his ownership to 286,494 shares. SEC filing

Institutional Investors Weigh In On GBank Financial

Several institutional investors have recently bought and sold shares of GBFH. Deutsche Bank AG lifted its holdings in shares of GBank Financial by 6.9% during the 4th quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock valued at $220,000 after acquiring an additional 417 shares in the last quarter. Invesco Ltd. boosted 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 purchasing an additional 700 shares during the period. State of Alaska Department of Revenue acquired a new stake in GBank Financial in the 4th quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in GBank Financial in the 3rd quarter valued at $30,000. Finally, BNP Paribas Financial Markets acquired a new stake in GBank Financial in the 2nd quarter valued at $28,000.

Analyst Upgrades and Downgrades

GBFH has been the topic of several recent analyst reports. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price for the company. JonesTrading cut their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

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.