Insider Buying: GBank Financial (NASDAQ:GBFH) CEO Purchases 19,198 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) CEO Jeffrey Newgard purchased 19,198 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $21.75 per share, with a total value of $417,556.50. Following the completion of the transaction, the chief executive officer owned 12,889 shares in the company, valued at $280,335.75. This trade represents a -304.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

GBank Financial Stock Down 4.9%

NASDAQ GBFH traded down $1.06 during trading hours on Wednesday, hitting $20.39. The company had a trading volume of 189,628 shares, compared to its average volume of 71,331. The firm’s 50 day moving average is $29.71 and its 200 day moving average is $29.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. 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 market capitalization of $295.04 million, a price-to-earnings ratio of 15.93 and a beta of 0.05.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GBFH. State of Alaska Department of Revenue acquired a new position in shares of GBank Financial in the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. acquired a new stake in shares of GBank Financial during the 3rd quarter valued at approximately $30,000. BNP Paribas Financial Markets acquired a new position in GBank Financial in the second quarter worth $28,000. Legal & General Group Plc acquired a new position in GBank Financial in the second quarter worth $29,000. Finally, Quantbot Technologies LP bought a new stake in GBank Financial during the second quarter valued at $69,000.

Analyst Upgrades and Downgrades

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

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.