GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.3333.

A number of research analysts have recently commented on GBFH shares. Weiss Ratings lowered shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Zacks Research upgraded GBank Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. JonesTrading reissued a “buy” rating and set a $50.00 price objective on shares of GBank Financial in a report on Thursday, April 30th. Wall Street Zen upgraded GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Raymond James Financial started coverage on GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price for the company.

Insider Transactions at GBank Financial

In other GBank Financial news, Director Charles William Jr. Griege purchased 24,000 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $29.00 per share, with a total value of $696,000.00. Following the acquisition, the director directly owned 368,289 shares of the company’s stock, valued at $10,680,381. This represents a 6.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 32.40% of the stock is owned by company insiders.

Institutional Trading of GBank Financial

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in GBank Financial in the fourth quarter worth about $25,000. BNP Paribas Financial Markets bought a new stake in shares of GBank Financial in the 2nd quarter valued at approximately $28,000. Legal & General Group Plc acquired a new position in shares of GBank Financial in the 2nd quarter worth 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, Quantbot Technologies LP acquired a new stake in GBank Financial in the 2nd quarter valued at $69,000.

GBank Financial Stock Up 0.5%

Shares of GBFH stock opened at $30.89 on Thursday. GBank Financial has a 12 month low of $23.87 and a 12 month high of $44.00. 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 firm has a market cap of $446.98 million, a PE ratio of 25.11 and a beta of -0.11. The stock has a 50 day moving average of $29.89 and a 200-day moving average of $30.13.

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

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.