Zacks Research Downgrades GBank Financial (NASDAQ:GBFH) to Strong Sell

GBank Financial (NASDAQ:GBFH) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

GBFH has been the topic of a number of other research reports. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Hovde Group dropped their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. JonesTrading reissued a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research note on Thursday. Finally, Brean Capital started coverage on GBank Financial in a research note on Thursday, March 12th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

GBank Financial Stock Performance

GBFH stock traded up $1.21 during trading on Thursday, reaching $30.66. 85,654 shares of the company’s stock were exchanged, compared to its average volume of 54,188. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. GBank Financial has a 1-year low of $23.87 and a 1-year high of $45.00. The company’s fifty day moving average price is $28.41 and its 200-day moving average price is $32.59. The firm has a market cap of $443.65 million, a PE ratio of 24.93 and a beta of -0.11.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). GBank Financial had a return on equity of 14.66% and a net margin of 15.62%.The firm had revenue of $19.14 million during the quarter, compared to the consensus estimate of $22.10 million. On average, research analysts expect that GBank Financial will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Tara Allyce Campbell sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction 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. The trade was a 45.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffery Ernest Whicker sold 7,125 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total value of $213,607.50. Following the sale, the chief financial officer directly owned 13,450 shares in the company, valued at $403,231. This trade represents a 34.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,000 shares of company stock worth $1,181,469 over the last ninety days. 32.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GBFH. JPMorgan Chase & Co. acquired a new position in GBank Financial during the second quarter valued at $151,000. Legal & General Group Plc acquired a new position in GBank Financial during the second quarter valued at $29,000. Rhumbline Advisers acquired a new position in GBank Financial during the second quarter valued at $334,000. New York State Common Retirement Fund acquired a new position in GBank Financial during the second quarter valued at $103,000. Finally, Quantbot Technologies LP acquired a new position in GBank Financial during the second quarter valued at $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.