GBank Financial (OTCMKTS:GBFH) Trading Down 0.3% – What’s Next?

Shares of GBank Financial Holdings Inc. (OTCMKTS:GBFH) fell 0.3% during trading on Wednesday . The stock traded as low as $39.68 and last traded at $40.09. 37,960 shares were traded during mid-day trading, a decline of 26% from the average session volume of 51,072 shares. The stock had previously closed at $40.20.

GBank Financial Stock Down 0.3%

The stock has a market capitalization of $572.49 million, a P/E ratio of 29.48 and a beta of -1.08. The firm has a 50-day moving average of $38.97 and a 200 day moving average of $37.73.

Insider Buying and Selling at GBank Financial

In related news, Chairman Edward Michael Nigro sold 23,609 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $39.37, for a total value of $929,486.33. Following the completion of the transaction, the chairman directly owned 623,869 shares of the company’s stock, valued at $24,561,722.53. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Curtis Sklar sold 1,808 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $36.04, for a total value of $65,160.32. Following the completion of the transaction, the director directly owned 503,243 shares of the company’s stock, valued at approximately $18,136,877.72. This trade represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,047 shares of company stock valued at $1,412,716. 37.70% of the stock is owned by company insiders.

About GBank Financial

GBank Financial Holdings Inc operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada. The company offers business and personal checking and savings accounts. It also provides small business administration loans; commercial real estate, equipment, business term, and medical/professional loans; business lines of credit; accounts receivable/inventory financing services; and credit cards.