GBank Financial (NASDAQ:GBFH) CFO Sells $747,991.25 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CFO Jeffery Ernest Whicker sold 24,875 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the completion of the sale, the chief financial officer directly owned 13,450 shares in the company, valued at approximately $404,441.50. This represents a 64.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffery Ernest Whicker also recently made the following trade(s):

• On Tuesday, March 3rd, Jeffery Ernest Whicker sold 7,125 shares of GBank Financial stock. The shares were sold at an average price of $29.98, for a total value of $213,607.50.

GBank Financial Stock Down 2.6%

Shares of NASDAQ:GBFH opened at $29.05 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $32.53 and a two-hundred day simple moving average of $35.93. GBank Financial Holdings Inc. has a 12-month low of $27.30 and a 12-month high of $45.00. The stock has a market capitalization of $417.74 million, a price-to-earnings ratio of 20.03 and a beta of -0.87.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, January 28th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $20.43 million for the quarter. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.

Analyst Upgrades and Downgrades

GBFH has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. JonesTrading decreased their price objective on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Hovde Group cut their target price on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GBank Financial presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Institutional Trading of GBank Financial

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial in the fourth quarter worth approximately $25,000. Russell Investments Group Ltd. bought a new position in GBank Financial during the third quarter valued at approximately $30,000. BNP Paribas Financial Markets purchased a new stake in GBank Financial in the second quarter worth approximately $28,000. Legal & General Group Plc purchased a new stake in GBank Financial in the second quarter worth approximately $29,000. Finally, Ameritas Investment Partners Inc. bought a new stake in GBank Financial in the 2nd quarter worth approximately $33,000.

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.