GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Has Average Price Target of $37.33

GBank Financial Holdings Inc. (NASDAQ:GBFH) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.33.

Several research firms have issued reports on GBFH. JonesTrading restated a “buy” rating and set a $35.00 target price on shares of GBank Financial in a research note on Thursday, August 20th. Zacks Research downgraded shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th.

Insider Buying and Selling

In other news, insider Todd Anthony Nigro acquired 5,000 shares of GBank Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $21.07 per share, for a total transaction of $105,350.00. Following the completion of the transaction, the insider owned 286,494 shares in the company, valued at $6,036,428.58. The trade was a 1.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy P. Herbst purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director owned 327,126 shares in the company, valued at approximately $7,033,209. This trade represents a 3.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 81,463 shares of company stock valued at $1,742,969 over the last ninety days. 32.40% of the stock is owned by insiders.

Institutional Trading of GBank Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in GBank Financial in the 2nd quarter worth $30,000. Integrated Wealth Concepts LLC purchased a new position in shares of GBank Financial in the second quarter valued at about $72,000. Dimensional Fund Advisors LP lifted its position in shares of GBank Financial by 93.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after acquiring an additional 5,657 shares in the last quarter. Bank of America Corp DE bought a new stake in GBank Financial during the 2nd quarter valued at approximately $259,000. Finally, Deutsche Bank AG bought a new stake in GBank Financial during the 2nd quarter valued at approximately $288,000.

GBank Financial Stock Up 1.0%

Shares of NASDAQ:GBFH opened at $17.93 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $20.76 and a two-hundred day simple moving average of $26.17. GBank Financial has a 12-month low of $17.50 and a 12-month high of $42.23. The stock has a market capitalization of $260.34 million, a price-to-earnings ratio of 14.01 and a beta of 0.07.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $21.80 million. GBank Financial had a return on equity of 14.42% and a net margin of 15.44%. On average, research analysts anticipate that GBank Financial will post 1.59 earnings per share for the current fiscal year.

GBank Financial Company Profile

GBank Financial Corp. is the bank holding company for GBank, a full-service commercial bank headquartered in Las Vegas, Nevada. Founded in 2007, GBank provides banking services primarily to small and midsized businesses, business owners, professionals and individual customers.

The bank offers commercial and industrial lending, commercial real estate financing, Small Business Administration (SBA) loans and other business credit products. Its deposit and cash-management services include business checking and savings accounts, money market accounts, certificates of deposit and treasury management solutions.

GBank serves customers primarily in Nevada and across the Western United States through its banking operations and commercial lending activities.