GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Has Average Price Target of $37.33 According to Brokerages

GBank Financial Holdings Inc. (NASDAQ:GBFH) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.33.

A number of analysts have recently weighed in on the company. Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen upgraded GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Finally, JonesTrading reaffirmed a “buy” rating and issued a $35.00 price objective on shares of GBank Financial in a report on Thursday, August 20th.

GBank Financial Trading Down 2.4%

NASDAQ GBFH opened at $17.75 on Tuesday. The company has a market capitalization of $257.73 million, a price-to-earnings ratio of 13.87 and a beta of 0.07. GBank Financial has a 12 month low of $17.50 and a 12 month high of $42.23. The company’s fifty day moving average price is $21.02 and its two-hundred day moving average price is $26.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98.

GBank Financial (NASDAQ:GBFH) last announced its quarterly earnings data 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). GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. The firm had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. As a group, research analysts predict that GBank Financial will post 1.59 earnings per share for the current fiscal year.

Insider Transactions at GBank Financial

In other GBank Financial news, Director Charles Griege, Jr. bought 25,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of $21.03 per share, with a total value of $525,750.00. Following the purchase, the director directly owned 393,289 shares of the company’s stock, valued at approximately $8,270,867.67. The trade was a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey K. Newgard purchased 13,065 shares of GBank Financial stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $21.54 per share, with a total value of $281,420.10. Following the transaction, the chief executive officer directly owned 21,661 shares in the company, valued at $466,577.94. This trade represents a 151.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 81,463 shares of company stock worth $1,742,969 over the last quarter. Insiders own 32.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in GBank Financial in the second quarter worth approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of GBank Financial during the 2nd quarter valued at $72,000. Bank of America Corp DE acquired a new position in shares of GBank Financial during the 2nd quarter valued at $259,000. Deutsche Bank AG bought a new stake in shares of GBank Financial in the 2nd quarter worth $288,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of GBank Financial by 93.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock worth $313,000 after buying an additional 5,657 shares in the last quarter.

GBank Financial Company Profile

GBank Financial Corp. is the bank holding company for GBank, a full-service commercial bank headquartered in Las Vegas, Nevada. Founded in 2007, GBank provides banking services primarily to small and midsized businesses, business owners, professionals and individual customers.

The bank offers commercial and industrial lending, commercial real estate financing, Small Business Administration (SBA) loans and other business credit products. Its deposit and cash-management services include business checking and savings accounts, money market accounts, certificates of deposit and treasury management solutions.

GBank serves customers primarily in Nevada and across the Western United States through its banking operations and commercial lending activities.