GBank Financial (NASDAQ:GBFH) Upgraded by Zacks Research to “Hold” Rating

GBank Financial (NASDAQ:GBFH) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Raymond James Financial began coverage on GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 price target for the company. JonesTrading reissued a “buy” rating and set a $50.00 price objective on shares of GBank Financial in a research report on Thursday, April 30th. Brean Capital initiated coverage on shares of GBank Financial in a research note on Thursday, March 12th. They set a “buy” rating for the company. Wall Street Zen raised shares of GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

GBank Financial Stock Performance

GBank Financial stock opened at $30.31 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $438.59 million, a P/E ratio of 24.64 and a beta of -0.12. The stock’s 50 day moving average is $29.34 and its 200 day moving average is $30.61. GBank Financial has a twelve month low of $23.87 and a twelve month high of $44.00.

GBank Financial (NASDAQ:GBFH) last announced its quarterly earnings data 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 company had revenue of $19.65 million for the quarter, compared to analysts’ expectations of $22.10 million. GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. On average, equities research analysts predict that GBank Financial will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at GBank Financial

In related news, Director Charles William Jr. Griege purchased 24,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $29.00 per share, with a total value of $696,000.00. Following the acquisition, the director directly owned 368,289 shares in the company, valued at $10,680,381. The trade was a 6.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in GBank Financial by 93.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock worth $313,000 after purchasing an additional 5,657 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of GBank Financial by 19.6% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after buying an additional 19,311 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of GBank Financial by 223.2% in the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after buying an additional 20,185 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of GBank Financial in the first quarter worth $535,000. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 700 shares during the period.

GBank Financial Company Profile

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.