Brokerages Set GBank Financial Holdings Inc. (NASDAQ:GBFH) PT at $42.33

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.3333.

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

Insider Buying and Selling

In other 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 purchased at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the transaction, the director directly owned 368,289 shares in the company, valued at approximately $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GBank Financial

A number of hedge funds and other institutional investors have recently modified their holdings of GBFH. State of Alaska Department of Revenue purchased a new position in shares of GBank Financial during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of GBank Financial during the 3rd quarter worth approximately $30,000. BNP Paribas Financial Markets purchased a new position in shares of GBank Financial during the 2nd quarter worth approximately $28,000. Legal & General Group Plc purchased a new position in shares of GBank Financial during the 2nd quarter worth approximately $29,000. Finally, Quantbot Technologies LP purchased a new position in shares of GBank Financial during the 2nd quarter worth approximately $69,000.

GBank Financial Stock Performance

NASDAQ:GBFH opened at $30.70 on Friday. The firm has a market capitalization of $444.23 million, a PE ratio of 24.96 and a beta of -0.12. The business’s fifty day moving average price is $29.31 and its 200 day moving average price is $30.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. GBank Financial has a 12 month low of $23.87 and a 12 month high of $44.00.

GBank Financial (NASDAQ:GBFH) last posted its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $19.65 million during the quarter, compared to analysts’ expectations of $22.10 million. GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. On average, sell-side analysts anticipate 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.