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

GBank Financial Holdings Inc. (NASDAQ:GBFH) has been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $46.00.

Several analysts have recently weighed in on the company. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. JonesTrading reaffirmed a “buy” rating and set a $50.00 price objective on shares of GBank Financial in a research note on Thursday, April 30th. Brean Capital assumed coverage on GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. Zacks Research downgraded GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, 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 note on Thursday, January 29th.

Insider Buying and Selling

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 7,125 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total transaction of $213,607.50. Following the completion of the sale, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at $403,231. This represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.40% of the stock is currently owned by corporate insiders.

Institutional Trading of GBank Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBFH. Kennedy Capital Management LLC raised its stake in GBank Financial by 37.0% during the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after acquiring an additional 34,158 shares during the last quarter. T3 Companies LLC acquired a new position in GBank Financial during the 4th quarter worth approximately $888,000. JCSD Capital LLC increased its position in GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after purchasing an additional 22,131 shares during the period. Militia Capital Partners LP acquired a new position in GBank Financial during the 2nd quarter worth approximately $776,000. Finally, Emerald Advisers LLC increased its position in GBank Financial by 223.2% during the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after purchasing an additional 20,185 shares during the period.

GBank Financial Stock Up 0.8%

GBank Financial stock opened at $29.44 on Wednesday. GBank Financial has a fifty-two week low of $23.87 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market capitalization of $426.00 million, a P/E ratio of 23.93 and a beta of -0.10. The stock has a 50-day simple moving average of $27.93 and a 200-day simple moving average of $31.37.

GBank Financial (NASDAQ:GBFH) last posted its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share 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 analysts’ expectations of $22.10 million. Equities research analysts expect that GBank Financial will post 2.11 earnings per share for the current 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.