Edward Michael Nigro Buys 800 Shares of GBank Financial (NASDAQ:GBFH) Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Chairman Edward Michael Nigro purchased 800 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $34.06 per share, with a total value of $27,248.00. Following the completion of the purchase, the chairman owned 16,700 shares of the company’s stock, valued at $568,802. The trade was a 5.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GBank Financial Stock Performance

Shares of GBFH stock opened at $35.59 on Friday. GBank Financial Holdings Inc. has a fifty-two week low of $26.95 and a fifty-two week high of $46.00. The stock has a market capitalization of $508.23 million, a price-to-earnings ratio of 27.38 and a beta of -1.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 0.97. The business’s 50-day simple moving average is $38.89.

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

Analysts Set New Price Targets

GBFH has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Wednesday, October 8th. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Jones Trading reiterated a “buy” rating and set a $55.00 target price on shares of GBank Financial in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Institutional Trading of GBank Financial

Several large investors have recently made changes to their positions in GBFH. Emerald Advisers LLC purchased a new stake in shares of GBank Financial during the second quarter worth $320,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of GBank Financial in the 2nd quarter valued at approximately $3,087,000. Chapin Davis Inc. acquired a new stake in GBank Financial during the second quarter worth $7,209,000. Crown Advisors Management Inc. acquired a new stake in shares of GBank Financial during the 2nd quarter worth about $1,026,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of GBank Financial in the 2nd quarter valued at approximately $1,832,000.

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.