GBank Financial (NASDAQ:GBFH) Director Charles William Jr. Griege Purchases 25,000 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege bought 25,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $832,500.00. Following the transaction, the director directly owned 344,289 shares of the company’s stock, valued at approximately $11,464,823.70. This represents a 7.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

GBank Financial Stock Performance

NASDAQ GBFH traded up $1.67 on Wednesday, reaching $35.42. The stock had a trading volume of 67,488 shares, compared to its average volume of 49,461. The firm has a market capitalization of $505.80 million, a PE ratio of 27.25 and a beta of -1.15. GBank Financial Holdings Inc. has a 12-month low of $26.95 and a 12-month high of $46.00. The company’s 50-day moving average is $39.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.02.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, November 12th. The company reported $0.30 EPS for the quarter. The business had revenue of $20.18 million for the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 14.22%.

Analysts Set New Price Targets

GBFH has been the subject of several analyst reports. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Jones Trading restated a “buy” rating and set a $55.00 price target on shares of GBank Financial in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Hedge Funds Weigh In On GBank Financial

A number of institutional investors and hedge funds have recently made changes to their positions in GBFH. BNP Paribas Financial Markets purchased a new position in GBank Financial during the second quarter worth about $28,000. Legal & General Group Plc purchased a new stake in GBank Financial in the second quarter valued at approximately $29,000. Ameritas Investment Partners Inc. purchased a new stake in GBank Financial in the second quarter valued at approximately $33,000. Emerald Mutual Fund Advisers Trust increased its position in GBank Financial by 1.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 88,689 shares of the company’s stock worth $3,483,000 after purchasing an additional 1,500 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in GBank Financial by 37.2% during the third quarter. JPMorgan Chase & Co. now owns 5,856 shares of the company’s stock worth $230,000 after purchasing an additional 1,587 shares during the period.

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.