GBank Financial (NASDAQ:GBFH) Upgraded at Zacks Research

Zacks Research upgraded shares of GBank Financial (NASDAQ:GBFH) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. JonesTrading reiterated a “buy” rating and set a $35.00 price objective on shares of GBank Financial in a research note on Thursday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.33.

GBank Financial Trading Down 1.1%

GBFH opened at $17.45 on Monday. The firm has a market cap of $253.37 million, a price-to-earnings ratio of 13.63 and a beta of 0.07. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. GBank Financial has a 12 month low of $17.37 and a 12 month high of $42.23. The stock has a fifty day moving average price of $19.98 and a 200-day moving average price of $26.00.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. The company had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. As a group, equities research analysts anticipate that GBank Financial will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GBank Financial news, CEO Edward Nigro purchased 9,200 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $21.51 per share, for a total transaction of $197,892.00. Following the completion of the purchase, the chief executive officer owned 628,830 shares in the company, valued at $13,526,133.30. This represents a 1.48% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy P. Herbst purchased 10,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the acquisition, the director owned 327,126 shares of the company’s stock, valued at approximately $7,033,209. This represents a 3.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 81,463 shares of company stock valued at $1,742,969 in the last 90 days. 32.40% of the stock is owned by insiders.

Institutional Trading of GBank Financial

Several large investors have recently bought and sold shares of GBFH. Legal & General Group Plc purchased a new position in shares of GBank Financial in the second quarter worth $30,000. Integrated Wealth Concepts LLC acquired a new stake in shares of GBank Financial during the second quarter worth $72,000. Bank of America Corp DE purchased a new stake in shares of GBank Financial during the second quarter valued at $259,000. Deutsche Bank AG purchased a new stake in shares of GBank Financial during the second quarter valued at $288,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of GBank Financial by 93.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after buying an additional 5,657 shares during the last quarter.

GBank Financial Company Profile

GBank Financial, Inc is the bank holding company for GBank, a Nevada-based commercial bank headquartered in Las Vegas. The company focuses primarily on serving small and medium-sized businesses, commercial real estate investors, professionals and other business customers.

GBank provides commercial banking products and services that include business checking and savings accounts, commercial and industrial loans, commercial real estate financing, construction lending and Small Business Administration loans.