Brokerages Set GBank Financial Holdings Inc. (NASDAQ:GBFH) PT at $42.33

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.3333.

Several brokerages recently issued reports on GBFH. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Raymond James Financial began coverage on GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target for the company. Zacks Research upgraded GBank Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. JonesTrading restated a “buy” rating and set a $50.00 price objective on shares of GBank Financial in a report on Thursday, April 30th. Finally, 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.

GBank Financial Trading Down 3.8%

NASDAQ GBFH opened at $30.74 on Thursday. The stock has a market cap of $444.81 million, a P/E ratio of 24.99 and a beta of -0.11. GBank Financial has a 12 month low of $23.87 and a 12 month high of $44.00. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $29.83 and its 200-day moving average price is $30.18.

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

Insider Transactions at GBank Financial

In related news, Director Charles William Jr. Griege purchased 24,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the purchase, the director owned 368,289 shares of the company’s stock, valued at $10,680,381. This trade represents a 6.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.40% of the company’s stock.

Hedge Funds Weigh In On GBank Financial

Several hedge funds have recently made changes to their positions in GBFH. State of Alaska Department of Revenue acquired a new stake in GBank Financial during the 4th quarter worth about $25,000. BNP Paribas Financial Markets purchased a new position in shares of GBank Financial in the second quarter worth about $28,000. Legal & General Group Plc purchased a new position in shares of GBank Financial in the second quarter worth about $29,000. Russell Investments Group Ltd. acquired a new stake in shares of GBank Financial during the third quarter worth about $30,000. Finally, Quantbot Technologies LP acquired a new stake in shares of GBank Financial during the second quarter worth about $69,000.

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.