GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.3333.

A number of research analysts have recently commented on GBFH shares. Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Zacks Research upgraded GBank Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Raymond James Financial initiated coverage on shares of GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, JonesTrading reiterated a “buy” rating and issued a $50.00 target price on shares of GBank Financial in a research report on Thursday, April 30th.

Insider Activity

In related news, Director Charles William Jr. Griege acquired 24,000 shares of GBank Financial stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the transaction, the director directly owned 368,289 shares of the company’s stock, valued at $10,680,381. This trade represents a 6.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GBFH. Vanguard Group Inc. increased its holdings in shares of GBank Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after purchasing an additional 2,951 shares during the period. Chapin Davis Inc. grew its position in GBank Financial by 5.1% in the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock worth $7,434,000 after buying an additional 10,600 shares during the last quarter. State Street Corp raised its position in shares of GBank Financial by 2.2% during the fourth quarter. State Street Corp now owns 190,548 shares of the company’s stock worth $6,458,000 after purchasing an additional 4,111 shares during the period. Kennedy Capital Management LLC lifted its stake in GBank Financial by 37.0% during 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 in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in GBank Financial by 19.6% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after purchasing an additional 19,311 shares during the period.

GBank Financial Stock Up 1.1%

Shares of NASDAQ:GBFH opened at $30.92 on Thursday. GBank Financial has a 52-week low of $23.87 and a 52-week high of $44.00. The company has a market capitalization of $447.41 million, a P/E ratio of 25.14 and a beta of -0.11. The stock’s fifty day simple moving average is $29.75 and its 200-day simple moving average is $30.20. 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 issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The firm had revenue of $19.65 million for the quarter, compared to analysts’ expectations of $22.10 million. GBank Financial had a return on equity of 14.46% and a net margin of 15.62%. As a group, equities research analysts forecast that GBank Financial will post 2.03 earnings per share for the current fiscal year.

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.