GBank Financial (NASDAQ:GBFH) Upgraded at Wall Street Zen

GBank Financial (NASDAQ:GBFH) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Raymond James Financial started coverage on shares of GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target for the company. Weiss Ratings lowered shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Brean Capital began coverage on shares of GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. Finally, JonesTrading reiterated a “buy” rating and set a $50.00 target price on shares of GBank Financial in a report on Thursday, April 30th. 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 company’s stock. Based on data from MarketBeat, GBank Financial currently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

GBank Financial Price Performance

Shares of GBank Financial stock opened at $30.70 on Friday. 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 has a one year low of $23.87 and a one year high of $44.00. The business’s 50 day simple moving average is $29.31 and its two-hundred day simple moving average is $30.73. The stock has a market capitalization of $444.23 million, a P/E ratio of 24.96 and a beta of -0.12.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The company had revenue of $19.65 million for the quarter, compared to analysts’ expectations of $22.10 million. Analysts forecast that GBank Financial will post 2.03 EPS for the current year.

Insiders Place Their Bets

In related news, Director Charles William Jr. Griege acquired 24,000 shares of GBank Financial stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $29.00 per share, with a total value of $696,000.00. Following the transaction, the director owned 368,289 shares in the company, valued at $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GBank Financial

Several institutional investors and hedge funds 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 4th quarter valued at about $25,000. Russell Investments Group Ltd. purchased a new position in shares of GBank Financial during the third quarter valued at about $30,000. BNP Paribas Financial Markets bought a new position in GBank Financial in the second quarter worth about $28,000. Legal & General Group Plc bought a new position in GBank Financial in the second quarter worth about $29,000. Finally, Quantbot Technologies LP purchased a new stake in GBank Financial in the second quarter worth about $69,000.

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.