GBank Financial (NASDAQ:GBFH) Stock Rating Upgraded by Wall Street Zen

GBank Financial (NASDAQ:GBFH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on GBFH. Hovde Group decreased their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Finally, JonesTrading reduced their target price on GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, GBank Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

GBank Financial Price Performance

GBank Financial stock opened at $29.05 on Friday. The stock has a market capitalization of $417.74 million, a P/E ratio of 20.03 and a beta of -0.87. GBank Financial has a 12-month low of $27.30 and a 12-month 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. The firm’s 50-day moving average is $32.53 and its two-hundred day moving average is $35.93.

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, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $20.43 million during the quarter. GBank Financial had a net margin of 19.09% and a return on equity of 15.22%.

Insider Transactions at GBank Financial

In related news, CFO Jeffery Ernest Whicker sold 7,125 shares of the business’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 transaction, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at approximately $403,231. The trade was a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Tara Allyce Campbell sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total value of $219,870.00. Following the completion of the transaction, the chief operating officer owned 8,399 shares of the company’s stock, valued at approximately $263,812.59. This represents a 45.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 39,000 shares of company stock valued at $1,181,469. Insiders own 37.70% of the company’s stock.

Institutional Trading of GBank Financial

A number of hedge funds have recently made changes to their positions in GBFH. Vanguard Group Inc. lifted its position in shares of GBank Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock worth $20,661,000 after purchasing an additional 2,951 shares in the last quarter. Chapin Davis Inc. grew its holdings in GBank Financial by 5.1% during the 4th quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock valued at $7,434,000 after purchasing an additional 10,600 shares in the last quarter. Geode Capital Management LLC purchased a new stake in GBank Financial during the 2nd quarter worth $7,323,000. State Street Corp increased its stake in GBank Financial by 2.2% during the 4th quarter. State Street Corp now owns 190,548 shares of the company’s stock worth $6,458,000 after buying an additional 4,111 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after buying an additional 34,158 shares in the last quarter.

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.