GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

GBank Financial Holdings Inc. (NASDAQ:GBFH) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $42.3333.

GBFH has been the topic of several recent analyst reports. Brean Capital initiated coverage on shares of GBank Financial in a report on Thursday, March 12th. They issued a “buy” rating on the stock. Weiss Ratings lowered shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. JonesTrading reaffirmed a “buy” rating and set a $50.00 price target on shares of GBank Financial in a report on Thursday, April 30th. Raymond James Financial began coverage on shares of GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd.

Insider Activity

In related news, Director Charles William Jr. Griege purchased 24,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $29.00 per share, with a total value of $696,000.00. Following the acquisition, the director owned 368,289 shares of the company’s stock, valued at $10,680,381. This trade represents a 6.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial during the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in shares of GBank Financial during the 3rd quarter valued at approximately $30,000. BNP Paribas Financial Markets bought a new stake in shares of GBank Financial during the 2nd quarter valued at approximately $28,000. Legal & General Group Plc bought a new stake in shares of GBank Financial during the 2nd quarter valued at approximately $29,000. Finally, Quantbot Technologies LP bought a new stake in GBank Financial during the 2nd quarter worth approximately $69,000.

GBank Financial Price Performance

GBFH stock opened at $29.57 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial has a 12 month low of $23.87 and a 12 month high of $44.00. The firm has a market cap of $427.88 million, a P/E ratio of 24.04 and a beta of -0.12. The company’s 50-day moving average price is $29.23 and its two-hundred day moving average price is $30.89.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The firm had revenue of $19.65 million during the quarter, compared to the consensus estimate of $22.10 million. On average, analysts anticipate that GBank Financial will post 2.03 earnings per share for the current fiscal year.

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.