GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GBank Financial Holdings Inc. (NASDAQ:GBFH) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.3333.

A number of analysts have recently commented on GBFH shares. Zacks Research cut shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Wall Street Zen cut shares of GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. JonesTrading reissued a “buy” rating and set a $50.00 target price on shares of GBank Financial in a research note on Thursday, April 30th. 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. Finally, Raymond James Financial initiated coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target on the stock.

GBank Financial Stock Up 0.3%

GBFH stock opened at $29.99 on Friday. The stock has a market capitalization of $433.96 million, a P/E ratio of 24.38 and a beta of -0.12. The firm has a 50-day simple moving average of $29.28 and a 200-day simple moving average of $30.73. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial has a 52 week low of $23.87 and a 52 week high of $44.00.

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

Insiders Place Their Bets

In other GBank Financial news, Director Charles William Jr. Griege purchased 24,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the transaction, the director owned 368,289 shares of the company’s stock, valued at $10,680,381. The trade was a 6.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 32.40% of the company’s stock.

Hedge Funds Weigh In On GBank Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in GBank Financial by 93.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock worth $313,000 after acquiring an additional 5,657 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in GBank Financial by 19.6% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after acquiring an additional 19,311 shares during the last quarter. Emerald Advisers LLC boosted its position in GBank Financial by 223.2% during the first quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after acquiring an additional 20,185 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in GBank Financial during the first quarter worth about $535,000. Finally, Invesco Ltd. boosted its position in GBank Financial by 12.5% during the fourth quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock worth $214,000 after acquiring an additional 700 shares during the last quarter.

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.