GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Consensus Rating of “Moderate Buy” by Brokerages

GBank Financial Holdings Inc. (NASDAQ:GBFH) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $37.3333.

A number of research firms recently issued reports on GBFH. Raymond James Financial assumed coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 price objective for the company. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Friday, July 24th. JonesTrading reiterated a “buy” rating and set a $35.00 price target on shares of GBank Financial in a report on Thursday, August 20th. Finally, Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.

GBank Financial Stock Performance

GBank Financial stock opened at $19.95 on Friday. GBank Financial has a 12-month low of $19.25 and a 12-month high of $42.23. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $25.64 and its two-hundred day moving average price is $27.80. The stock has a market cap of $289.67 million, a PE ratio of 15.59 and a beta of 0.03.

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

Insider Buying and Selling at GBank Financial

In other news, insider Todd Anthony Nigro bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $21.07 per share, for a total transaction of $105,350.00. Following the completion of the transaction, the insider owned 286,494 shares of the company’s stock, valued at $6,036,428.58. This trade represents a 1.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey K. Newgard bought 13,065 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $21.54 per share, with a total value of $281,420.10. Following the completion of the transaction, the chief executive officer directly owned 21,661 shares of the company’s stock, valued at approximately $466,577.94. The trade was a 151.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 81,463 shares of company stock worth $1,742,969 over the last three months. 32.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GBFH. BlackRock Inc. bought a new position in GBank Financial in the 2nd quarter valued at approximately $20,156,000. Susquehanna International Group LLP acquired a new stake in GBank Financial during the 2nd quarter worth approximately $1,700,000. Kennedy Capital Management LLC grew its holdings in GBank Financial by 37.0% during the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after acquiring an additional 34,158 shares during the last quarter. T3 Companies LLC bought a new stake in GBank Financial during the 4th quarter worth approximately $888,000. Finally, Bank of New York Mellon Corp acquired a new position in GBank Financial in the 2nd quarter valued at approximately $703,000.

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.