GBank Financial (NASDAQ:GBFH) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of GBank Financial (NASDAQ:GBFH) from a hold rating to a sell rating in a research note released on Sunday.

Several other analysts have also issued reports on GBFH. JonesTrading dropped their target price on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Brean Capital started coverage on GBank Financial in a research report on Thursday. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Finally, Hovde Group reduced their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

GBank Financial Price Performance

Shares of GBank Financial stock opened at $26.29 on Friday. The firm has a market cap of $378.05 million, a PE ratio of 18.13 and a beta of -0.87. GBank Financial has a twelve month low of $25.75 and a twelve month high of $45.00. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $31.92 and a 200 day moving average price of $35.45.

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

Insider Activity at GBank Financial

In related news, CFO Jeffery Ernest Whicker sold 24,875 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $30.07, for a total transaction of $747,991.25. Following the transaction, the chief financial officer owned 13,450 shares of the company’s stock, valued at approximately $404,441.50. This represents a 64.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Tara Allyce Campbell sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total value of $219,870.00. Following the transaction, the chief operating officer owned 8,399 shares of the company’s stock, valued at $263,812.59. This trade represents a 45.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 39,000 shares of company stock worth $1,181,469. Company insiders own 37.70% of the company’s stock.

Institutional Trading of GBank Financial

Several hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of GBank Financial during the fourth quarter worth $25,000. BNP Paribas Financial Markets purchased a new position in GBank Financial in the second quarter valued at $28,000. Legal & General Group Plc acquired a new position in GBank Financial during the 2nd quarter worth $29,000. Russell Investments Group Ltd. acquired a new position in GBank Financial during the 3rd quarter worth $30,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in GBank Financial during the 2nd quarter worth about $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.