GBank Financial (NASDAQ:GBFH) Insider Purchases $105,350.00 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) insider Todd Anthony Nigro acquired 5,000 shares of GBank Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $21.07 per share, for a total transaction of $105,350.00. Following the purchase, the insider owned 286,494 shares of the company’s stock, valued at $6,036,428.58. The trade was a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

GBank Financial Stock Performance

NASDAQ GBFH opened at $20.88 on Friday. The company has a market capitalization of $302.13 million, a price-to-earnings ratio of 16.31 and a beta of 0.05. 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 Holdings Inc. has a twelve month low of $19.63 and a twelve month high of $42.23. The stock has a fifty day simple moving average of $29.18 and a 200 day simple moving average of $29.52.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. Sell-side analysts expect that GBank Financial Holdings Inc. will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On GBank Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in GBank Financial during the second quarter worth approximately $20,156,000. Vanguard Group Inc. lifted its stake in GBank Financial by 0.6% in the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after buying an additional 2,951 shares during the period. Chapin Davis Inc. lifted its stake in GBank Financial by 5.1% in the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock valued at $7,434,000 after buying an additional 10,600 shares during the period. State Street Corp boosted its holdings in shares of GBank Financial by 2.2% during the 4th quarter. State Street Corp now owns 190,548 shares of the company’s stock worth $6,458,000 after buying an additional 4,111 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of GBank Financial by 37.0% during the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after buying an additional 34,158 shares in the last quarter.

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.