Insider Buying: GBank Financial (NASDAQ:GBFH) CEO Buys $197,892.00 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CEO Edward Michael Nigro acquired 9,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $21.51 per share, with a total value of $197,892.00. Following the acquisition, the chief executive officer owned 628,830 shares in the company, valued at $13,526,133.30. The trade was a 1.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GBank Financial Stock Up 0.1%

NASDAQ:GBFH opened at $20.88 on Friday. GBank Financial Holdings Inc. has a one year low of $19.63 and a one year high of $42.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market cap of $302.13 million, a PE ratio of 16.31 and a beta of 0.05. The firm’s 50 day simple moving average is $29.18 and its 200 day simple moving average is $29.52.

GBank Financial (NASDAQ:GBFH) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $21.95 million during the quarter, compared to analyst estimates of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. On average, research analysts anticipate that GBank Financial Holdings Inc. will post 1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

GBFH has been the subject of a number of recent research reports. Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. JonesTrading reduced their price target on GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Zacks Research lowered GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Raymond James Financial began coverage on GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target for the company. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GBank Financial has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GBFH. State of Alaska Department of Revenue acquired a new stake in shares of GBank Financial during the fourth quarter worth $25,000. BNP Paribas Financial Markets acquired 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 in the second quarter valued at $29,000. Russell Investments Group Ltd. bought a new stake in GBank Financial during the third quarter valued at $30,000. Finally, Quantbot Technologies LP bought a new stake in GBank Financial during the second quarter valued at $69,000.

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.