GBank Financial (NASDAQ:GBFH) Coverage Initiated at Brean Capital

Research analysts at Brean Capital initiated coverage on shares of GBank Financial (NASDAQ:GBFH) in a research note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Hovde Group decreased their price objective on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Wall Street Zen raised shares of GBank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, JonesTrading cut their target price on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

GBank Financial Stock Down 4.1%

Shares of GBFH stock opened at $26.29 on Thursday. GBank Financial has a 52-week low of $25.75 and a 52-week high of $45.00. The stock has a market cap of $378.05 million, a price-to-earnings ratio of 18.13 and a beta of -0.87. The firm’s 50-day moving average is $31.92 and its 200-day moving average is $35.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.01.

GBank Financial (NASDAQ:GBFH) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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%.

Insider Activity at GBank Financial

In other news, CFO Jeffery Ernest Whicker sold 7,125 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $29.98, for a total value of $213,607.50. Following the transaction, the chief financial officer owned 13,450 shares in the company, valued at approximately $403,231. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Tara Allyce Campbell sold 7,000 shares of the firm’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 sale, the chief operating officer directly owned 8,399 shares of the company’s stock, valued at $263,812.59. This represents a 45.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,000 shares of company stock worth $1,181,469 over the last quarter. 37.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in GBank Financial by 6.9% in the fourth quarter. Deutsche Bank AG now owns 6,504 shares of the company’s stock worth $220,000 after acquiring an additional 417 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of GBank Financial by 12.5% in the 4th quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock worth $214,000 after purchasing an additional 700 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in GBank Financial in the 4th quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in GBank Financial in the 3rd quarter valued at $30,000. Finally, BNP Paribas Financial Markets bought a new stake in GBank Financial during the 2nd quarter valued at $28,000.

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.