Jones Trading Lowers GBank Financial (NASDAQ:GBFH) Price Target to $50.00

GBank Financial (NASDAQ:GBFH) had its price objective lowered by equities research analysts at Jones Trading from $55.00 to $50.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jones Trading’s target price would suggest a potential upside of 53.70% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Hovde Group reduced their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.00.

GBank Financial Stock Up 1.8%

GBFH stock opened at $32.53 on Thursday. The stock has a market capitalization of $467.65 million, a price-to-earnings ratio of 22.43 and a beta of -1.02. The company has a 50-day moving average of $34.05 and a two-hundred day moving average of $37.22. GBank Financial has a 52-week low of $27.30 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.The business had revenue of $20.43 million during the quarter.

Insider Activity at GBank Financial

In other news, COO Tara Allyce Campbell sold 3,867 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $35.61, for a total value of $137,703.87. Following the completion of the transaction, the chief operating officer owned 3,733 shares in the company, valued at approximately $132,932.13. This represents a 50.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward Michael Nigro purchased 800 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of $34.06 per share, with a total value of $27,248.00. Following the transaction, the chairman directly owned 16,700 shares of the company’s stock, valued at approximately $568,802. This represents a 5.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 37.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GBank Financial

Several large investors have recently made changes to their positions in GBFH. State of Alaska Department of Revenue bought a new stake in GBank Financial during the fourth quarter worth about $25,000. BNP Paribas Financial Markets bought a new position in shares of GBank Financial in the second quarter valued at approximately $28,000. Legal & General Group Plc bought a new position in shares of GBank Financial in the second quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new position in shares of GBank Financial in the 3rd quarter worth approximately $30,000. Finally, Ameritas Investment Partners Inc. bought a new stake in GBank Financial during the 2nd quarter worth approximately $33,000.

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.