GBank Financial (NASDAQ:GBFH) Insider Todd Anthony Nigro Acquires 5,000 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) insider Todd Anthony Nigro bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $21.07 per share, for a total transaction of $105,350.00. Following the transaction, the insider owned 286,494 shares of the company’s stock, valued at approximately $6,036,428.58. This represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

GBank Financial Price Performance

Shares of NASDAQ GBFH opened at $20.39 on Thursday. The stock has a market cap of $295.04 million, a PE ratio of 15.93 and a beta of 0.05. GBank Financial Holdings Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a fifty day moving average of $29.53 and a 200-day moving average of $29.66.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. Equities research analysts anticipate that GBank Financial Holdings Inc. will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On GBank Financial

Large investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC grew its position in shares of GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after buying an additional 34,158 shares during the last quarter. T3 Companies LLC bought a new position in shares of GBank Financial during the fourth quarter valued at approximately $888,000. JCSD Capital LLC raised its holdings in shares of GBank Financial by 54.2% during the fourth quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock valued at $2,133,000 after acquiring an additional 22,131 shares in the last quarter. Emerald Advisers LLC lifted its stake in GBank Financial by 223.2% in the first quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after acquiring an additional 20,185 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in GBank Financial by 19.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after acquiring an additional 19,311 shares during the period.

Trending Headlines about GBank Financial

Here are the key news stories impacting GBank Financial this week:

• Positive Sentiment: CEO Jeffrey K. Newgard purchased 13,065 shares at an average of $21.54, investing approximately $281,420. The purchase increased his reported ownership to 21,661 shares. SEC filing
• Positive Sentiment: Newgard also reported buying 19,198 shares at an average price of $21.75, representing an investment of approximately $417,557. The filings indicate significant additional insider exposure to GBFH. SEC filing
• Positive Sentiment: Director Timothy P. Herbst acquired 10,000 shares at $21.50 per share, investing $215,000 and increasing his holding to 327,126 shares. SEC filing
• Positive Sentiment: CEO Edward Michael Nigro purchased 9,200 shares at an average of $21.51, spending approximately $197,892. His direct ownership rose to 628,830 shares. SEC filing
• Positive Sentiment: Insider Todd Anthony Nigro bought 5,000 shares at $21.07, adding approximately $105,350 to his position and increasing his ownership to 286,494 shares. SEC filing

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.