GBank Financial Holdings Inc. (NASDAQ:GBFH) Receives $42.33 Average PT from Analysts

GBank Financial Holdings Inc. (NASDAQ:GBFH) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $42.3333.

GBFH has been the topic of a number of recent research reports. Zacks Research upgraded shares of GBank Financial from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings cut shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. JonesTrading reissued a “buy” rating and set a $50.00 target price on shares of GBank Financial in a research report on Thursday, April 30th. Raymond James Financial began coverage on GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th.

GBank Financial Trading Down 4.1%

Shares of NASDAQ GBFH opened at $30.44 on Thursday. The stock has a market cap of $440.47 million, a price-to-earnings ratio of 24.75 and a beta of -0.11. The business has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $30.09. GBank Financial has a 52 week low of $23.87 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02.

GBank Financial (NASDAQ:GBFH) last posted its 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). The business had revenue of $19.65 million during the quarter, compared to analyst estimates of $22.10 million. GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. On average, research analysts predict that GBank Financial will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles William Jr. Griege bought 24,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $29.00 per share, with a total value of $696,000.00. Following the completion of the transaction, the director directly owned 368,289 shares of the company’s stock, valued at $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 32.40% of the company’s stock.

Institutional Trading of GBank Financial

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