GBank Financial (NASDAQ:GBFH) Price Target Cut to $42.00 by Analysts at Hovde Group

GBank Financial (NASDAQ:GBFH) had its target price decreased by stock analysts at Hovde Group from $44.00 to $42.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Hovde Group’s price objective suggests a potential upside of 25.19% from the stock’s current price.

Several other analysts also recently weighed in on GBFH. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Jones Trading reiterated a “buy” rating and set a $55.00 price target on shares of GBank Financial in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, GBank Financial presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

GBank Financial Stock Performance

NASDAQ:GBFH opened at $33.55 on Thursday. The firm has a market capitalization of $482.45 million, a PE ratio of 25.81 and a beta of -1.02. GBank Financial has a 1 year low of $27.30 and a 1 year high of $45.00. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $34.08 and its 200 day simple moving average is $37.29.

GBank Financial (NASDAQ:GBFH) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $20.43 million during the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 13.94%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in GBank Financial in the fourth quarter worth $25,000. Russell Investments Group Ltd. acquired a new position in shares of GBank Financial in the 3rd quarter valued at $30,000. BNP Paribas Financial Markets bought a new position in shares of GBank Financial during the 2nd quarter worth about $28,000. Legal & General Group Plc bought a new position in shares of GBank Financial during the 2nd quarter worth about $29,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of GBank Financial during the 2nd quarter valued at about $33,000.

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.