Insider Selling: GBank Financial Holdings Inc. (OTCMKTS:GBFH) Chairman Sells 4,239 Shares of Stock

GBank Financial Holdings Inc. (OTCMKTS:GBFH) Chairman Edward Michael Nigro sold 4,239 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $39.72, for a total value of $168,373.08. Following the sale, the chairman now owns 619,630 shares of the company’s stock, valued at approximately $24,611,703.60. The trade was a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Edward Michael Nigro also recently made the following trade(s):

• On Monday, June 9th, Edward Michael Nigro sold 23,609 shares of GBank Financial stock. The shares were sold at an average price of $39.37, for a total transaction of $929,486.33.
• On Friday, June 6th, Edward Michael Nigro sold 6,391 shares of GBank Financial stock. The stock was sold at an average price of $39.07, for a total transaction of $249,696.37.

GBank Financial Stock Down 1.9%

Shares of GBFH stock opened at $36.68 on Friday. GBank Financial Holdings Inc. has a 52-week low of $15.56 and a 52-week high of $46.00. The stock’s 50-day moving average price is $38.29 and its 200 day moving average price is $37.34. The stock has a market capitalization of $523.57 million, a PE ratio of 26.97 and a beta of -0.90.

GBank Financial (OTCMKTS:GBFH) last posted its earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $17.36 million during the quarter. Analysts expect that GBank Financial Holdings Inc. will post 1.53 earnings per share for the current fiscal year.

GBank Financial Company Profile

GBank Financial Holdings Inc operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada. The company offers business and personal checking and savings accounts. It also provides small business administration loans; commercial real estate, equipment, business term, and medical/professional loans; business lines of credit; accounts receivable/inventory financing services; and credit cards.