GBank Financial (NASDAQ:GBFH) CEO Acquires $281,420.10 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CEO Jeffrey Newgard acquired 13,065 shares of the 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 of the company’s stock, valued at $466,577.94. The trade was a 151.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GBank Financial Stock Performance

GBank Financial stock opened at $20.88 on Friday. The company’s 50-day moving average price is $29.18 and its 200-day moving average price is $29.52. GBank Financial Holdings Inc. has a twelve month low of $19.63 and a twelve month high of $42.23. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $302.13 million, a PE ratio of 16.31 and a beta of 0.05.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $21.95 million for the quarter, compared to analysts’ expectations of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. On average, equities research analysts forecast that GBank Financial Holdings Inc. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GBFH. JonesTrading lowered their price objective on GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Zacks Research downgraded GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Raymond James Financial began 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 for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GBank Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Hedge Funds Weigh In On GBank Financial

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets bought a new position in GBank Financial in the second quarter worth approximately $28,000. Legal & General Group Plc bought a new position in GBank Financial in the second quarter worth approximately $29,000. Russell Investments Group Ltd. purchased a new position in GBank Financial during the 3rd quarter worth $30,000. Finally, Quantbot Technologies LP purchased a new position in GBank Financial during the 2nd quarter worth $69,000.

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.