GBank Financial (NASDAQ:GBFH) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of GBank Financial (NASDAQ:GBFH) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also recently weighed in on the company. Brean Capital started coverage on GBank Financial in a research report on Thursday, March 12th. They issued a “buy” rating for the company. Hovde Group reduced their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Weiss Ratings cut GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, JonesTrading reissued a “buy” rating and issued a $50.00 price objective on shares of GBank Financial in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GBank Financial has a consensus rating of “Hold” and a consensus target price of $46.00.

GBank Financial Stock Up 4.1%

Shares of GBank Financial stock opened at $30.66 on Friday. The stock has a market capitalization of $443.65 million, a P/E ratio of 24.93 and a beta of -0.11. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $28.41 and a two-hundred day moving average price of $32.53. GBank Financial has a 12-month low of $23.87 and a 12-month high of $45.00.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Tuesday, April 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $19.14 million for the quarter, compared to the consensus estimate of $22.10 million. GBank Financial had a return on equity of 14.66% and a net margin of 15.62%. Equities analysts expect that GBank Financial will post 2.11 earnings per share for the current year.

Insider Activity at GBank Financial

In other news, CFO Jeffery Ernest Whicker sold 7,125 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total value of $213,607.50. Following the completion of the sale, the chief financial officer directly owned 13,450 shares of the company’s stock, valued at approximately $403,231. This represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Tara Allyce Campbell sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total value of $219,870.00. Following the completion of the transaction, the chief operating officer owned 8,399 shares of the company’s stock, valued at $263,812.59. The trade was a 45.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,000 shares of company stock valued at $1,181,469 over the last three months. 32.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GBFH. JPMorgan Chase & Co. acquired a new position in shares of GBank Financial in the second quarter valued at $151,000. Legal & General Group Plc acquired a new position in shares of GBank Financial in the second quarter valued at $29,000. Rhumbline Advisers acquired a new position in shares of GBank Financial in the second quarter valued at $334,000. New York State Common Retirement Fund acquired a new position in shares of GBank Financial in the second quarter valued at $103,000. Finally, Quantbot Technologies LP acquired a new position in shares of GBank Financial in the second quarter valued at $69,000.

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.