GBank Financial (NASDAQ:GBFH) Director Charles William Jr. Griege Purchases 25,000 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Charles William Jr. Griege acquired 25,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of $33.30 per share, with a total value of $832,500.00. Following the acquisition, the director directly owned 344,289 shares in the company, valued at approximately $11,464,823.70. The trade was a 7.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

GBank Financial Trading Up 4.9%

NASDAQ:GBFH opened at $35.42 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $505.80 million, a P/E ratio of 27.25 and a beta of -1.15. GBank Financial Holdings Inc. has a 12 month low of $26.95 and a 12 month high of $46.00. The stock has a 50-day moving average price of $38.95.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $20.18 million for the quarter. GBank Financial had a return on equity of 14.22% and a net margin of 17.89%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GBFH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Wednesday, October 8th. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Jones Trading reiterated a “buy” rating and issued a $55.00 target price on shares of GBank Financial in a report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.00.

Hedge Funds Weigh In On GBank Financial

A number of large investors have recently bought and sold shares of GBFH. Chapin Davis Inc. purchased a new stake in GBank Financial in the second quarter worth $7,209,000. RVW Wealth LLC bought a new position in shares of GBank Financial in the second quarter worth about $399,000. Destiny Wealth Partners LLC bought a new position in shares of GBank Financial in the second quarter worth about $364,000. Arista Wealth Management LLC purchased a new position in GBank Financial in the 2nd quarter worth about $10,456,000. Finally, Arcus Capital Partners LLC bought a new stake in GBank Financial during the 2nd quarter valued at about $203,000.

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.