GBank Financial (NASDAQ:GBFH) Price Target Lowered to $42.00 at Hovde Group

GBank Financial (NASDAQ:GBFH) had its price target trimmed by Hovde Group from $44.00 to $42.00 in a report released on Thursday morning, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Jones Trading restated a “buy” rating and set a $55.00 price target on shares of GBank Financial in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.00.

GBank Financial Stock Down 4.7%

GBFH stock opened at $31.96 on Thursday. GBank Financial has a 52-week low of $27.30 and a 52-week high of $45.00. The company’s 50 day simple moving average is $34.06 and its 200-day simple moving average is $37.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95. The firm has a market capitalization of $459.58 million, a P/E ratio of 22.04 and a beta of -1.02.

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

Insiders Place Their Bets

In related news, Director Charles William Jr. Griege purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $33.30 per share, for a total transaction of $832,500.00. Following the purchase, the director owned 344,289 shares in the company, valued at $11,464,823.70. The trade was a 7.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Tara Allyce Campbell sold 3,867 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $35.61, for a total value of $137,703.87. Following the transaction, the chief operating officer directly owned 3,733 shares in the company, valued at approximately $132,932.13. This represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 37.70% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of GBank Financial during the 4th quarter worth $25,000. Russell Investments Group Ltd. bought a new stake in GBank Financial during the third quarter valued at about $30,000. BNP Paribas Financial Markets acquired a new stake in shares of GBank Financial in the second quarter valued at about $28,000. Legal & General Group Plc bought a new position in shares of GBank Financial in the second quarter worth about $29,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of GBank Financial in the second quarter worth about $33,000.

More GBank Financial News

Here are the key news stories impacting GBank Financial this week:

• Positive Sentiment: Q4 results beat expectations — GBFH reported record net income and adjusted EPS of $0.52, topping consensus and showing y/y improvement; this supports the bank’s fundamentals and underpins the recent rally. GBank Q4 results (GlobeNewswire)
• Positive Sentiment: Analyst coverage still shows upside — Jones Trading lowered its target to $50 but kept a “buy” rating, implying substantial upside from current levels and providing continued analyst support. Benzinga note on Jones Trading
• Neutral Sentiment: Published earnings call transcripts and media coverage add transparency — full call transcripts are available for investor review (useful for gauging management commentary on margins, credit trends, and capital deployment). Earnings call transcript (Yahoo)
• Neutral Sentiment: Short interest data appears non-informative — reported January short-interest figures show zeros/NaN and do not indicate meaningful short selling pressure at this time (no clear impact on price).
• Negative Sentiment: Analysts trimmed price targets — Hovde Group lowered its target from $44 to $42 (though still an “outperform”), and Jones Trading’s cut to $50 (despite staying buy) signals some analyst caution that can weigh on sentiment and prompt near-term selling.

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.