GBank Financial (NASDAQ:GBFH) Trading Up 5.2% – Here’s Why

by · The Markets Daily

GBank Financial Holdings Inc. (NASDAQ:GBFHGet Free Report) rose 5.2% on Wednesday . The company traded as high as $38.00 and last traded at $37.74. Approximately 33,736 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 49,428 shares. The stock had previously closed at $35.88.

Analyst Ratings Changes

GBFH has been the subject of a number of research reports. Jones Trading reiterated a “buy” rating and set a $55.00 target price on shares of GBank Financial in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.00.

Check Out Our Latest Research Report on GBank Financial

GBank Financial Price Performance

The company has a market capitalization of $539.10 million, a PE ratio of 28.85 and a beta of -1.05. The business has a 50-day simple moving average of $36.76. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.17.

GBank Financial (NASDAQ:GBFHGet Free Report) last announced its earnings results on Wednesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $20.18 million during the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 13.94%.

Insider Transactions at GBank Financial

In other news, COO Tara Allyce Campbell sold 3,867 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $35.61, for a total value of $137,703.87. Following the sale, the chief operating officer directly owned 3,733 shares in the company, valued at approximately $132,932.13. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles William Jr. Griege purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $33.30 per share, for a total transaction of $832,500.00. Following the completion of the acquisition, the director directly owned 344,289 shares in the company, valued at $11,464,823.70. The trade was a 7.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 37.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in GBank Financial in the 3rd quarter worth about $30,000. BNP Paribas Financial Markets bought a new stake in shares of GBank Financial during the second quarter worth about $28,000. Legal & General Group Plc acquired a new position in shares of GBank Financial in the second quarter valued at approximately $29,000. Ameritas Investment Partners Inc. bought a new position in GBank Financial in the 2nd quarter valued at approximately $33,000. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in GBank Financial by 1.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 88,689 shares of the company’s stock valued at $3,483,000 after buying an additional 1,500 shares during the last quarter.

GBank Financial Company Profile

(Get Free Report)

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.

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