GBank Financial (NASDAQ:GBFH) Director Charles William Jr. Griege Purchases 24,000 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege purchased 24,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $29.00 per share, with a total value of $696,000.00. Following the purchase, the director owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. This trade represents a 6.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Charles William Jr. Griege also recently made the following trade(s):

• On Friday, June 5th, Charles William Jr. Griege bought 4,000 shares of GBank Financial stock. The shares were acquired at an average cost of $29.00 per share, with a total value of $116,000.00.

GBank Financial Trading Up 4.2%

NASDAQ GBFH traded up $1.25 during trading hours on Tuesday, hitting $30.91. 46,968 shares of the company’s stock were exchanged, compared to its average volume of 63,050. The stock has a 50-day simple moving average of $28.59 and a 200 day simple moving average of $31.04. GBank Financial Holdings Inc. has a 1-year low of $23.87 and a 1-year high of $44.00. The firm has a market cap of $447.27 million, a price-to-earnings ratio of 25.00 and a beta of -0.11. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18.

GBank Financial (NASDAQ:GBFH) last released its earnings results on Wednesday, April 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate 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. On average, equities analysts forecast that GBank Financial Holdings Inc. will post 2.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GBFH. JPMorgan Chase & Co. bought a new position in shares of GBank Financial in the second quarter valued at approximately $151,000. Legal & General Group Plc bought a new position in shares of GBank Financial in the second quarter valued at approximately $29,000. Rhumbline Advisers bought a new position in shares of GBank Financial in the second quarter valued at approximately $334,000. New York State Common Retirement Fund bought a new position in shares of GBank Financial in the second quarter valued at approximately $103,000. Finally, Quantbot Technologies LP bought a new position in shares of GBank Financial in the second quarter valued at approximately $69,000.

Analyst Ratings Changes

GBFH has been the subject of a number of research reports. Weiss Ratings cut GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. JonesTrading reissued a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research note on Thursday, April 30th. Wall Street Zen cut GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital initiated coverage on GBank Financial in a research note on Thursday, March 12th. They issued a “buy” rating for the company. Finally, Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Four equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

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.