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

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Timothy Herbst acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the director owned 327,126 shares in the company, valued at $7,033,209. This trade represents a 3.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GBank Financial Stock Performance

GBFH stock traded down $1.06 during midday trading on Wednesday, reaching $20.39. 189,628 shares of the company’s stock traded hands, compared to its average volume of 71,331. The firm has a market capitalization of $295.04 million, a PE ratio of 15.93 and a beta of 0.05. The company has a 50-day moving average price of $29.71 and a two-hundred day moving average price of $29.75. GBank Financial Holdings Inc. has a 52 week low of $19.63 and a 52 week high of $42.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02.

GBank Financial (NASDAQ:GBFH) last announced its quarterly 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). The company had revenue of $21.95 million during the quarter, compared to analysts’ expectations of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. As a group, equities analysts anticipate that GBank Financial Holdings Inc. will post 1.87 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on GBFH shares. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. JonesTrading cut their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Raymond James Financial began coverage on shares of GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target for the company. Zacks Research lowered 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 report on Saturday, June 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kennedy Capital Management LLC raised its stake in GBank Financial by 37.0% in the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after purchasing an additional 34,158 shares in the last quarter. T3 Companies LLC bought a new position in shares of GBank Financial in the 4th quarter worth $888,000. JCSD Capital LLC raised its position in shares of GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock valued at $2,133,000 after buying an additional 22,131 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of GBank Financial by 223.2% during the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after acquiring an additional 20,185 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in GBank Financial in the first quarter worth $535,000.

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.