GBank Financial (NASDAQ:GBFH) Downgraded by Zacks Research to Strong Sell

GBank Financial (NASDAQ:GBFH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

GBFH has been the subject of a number of other research reports. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday. Brean Capital started coverage on shares of GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. JonesTrading reaffirmed a “buy” rating and set a $50.00 target price on shares of GBank Financial in a research note on Thursday. Hovde Group decreased their target price on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Three research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.00.

GBank Financial Price Performance

GBFH stock opened at $30.66 on Thursday. GBank Financial has a 1 year low of $23.87 and a 1 year high of $45.00. The company has a market cap of $443.65 million, a P/E ratio of 24.93 and a beta of -0.11. The firm has a 50-day moving average of $28.41 and a 200 day moving average of $32.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.04 and a quick ratio of 1.00.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $19.14 million during the quarter, compared to the consensus estimate of $22.10 million. GBank Financial had a return on equity of 14.66% and a net margin of 15.62%. On average, sell-side analysts forecast that GBank Financial will post 2.5 EPS for the current year.

Insider Buying and Selling at GBank Financial

In other news, COO Tara Allyce Campbell sold 7,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction of $219,870.00. Following the completion of the transaction, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. This trade represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer owned 13,450 shares of the company’s stock, valued at $404,441.50. The trade was a 64.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,000 shares of company stock valued at $1,181,469 over the last 90 days. Corporate insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its position in shares of GBank Financial by 6.9% during the fourth quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock valued at $220,000 after acquiring an additional 417 shares in the last quarter. Invesco Ltd. increased its position in shares of GBank Financial by 12.5% during the fourth quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock valued at $214,000 after acquiring an additional 700 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in shares of GBank Financial during the third quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of GBank Financial during the second quarter valued at approximately $28,000.

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.