GBank Financial (NASDAQ:GBFH) CEO Buys 13,065 Shares

GBank Financial Holdings Inc. (NASDAQ:GBFH) CEO Jeffrey Newgard purchased 13,065 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $21.54 per share, for a total transaction of $281,420.10. Following the purchase, the chief executive officer owned 21,661 shares in the company, valued at $466,577.94. This represents a 151.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

GBank Financial Stock Down 4.9%

NASDAQ:GBFH traded down $1.06 on Wednesday, reaching $20.39. 189,628 shares of the stock traded hands, compared to its average volume of 71,331. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $295.04 million, a price-to-earnings ratio of 15.93 and a beta of 0.05. GBank Financial Holdings Inc. has a 12 month low of $19.63 and a 12 month high of $42.23. The company’s fifty day simple moving average is $29.71 and its 200 day simple moving average is $29.75.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). GBank Financial had a return on equity of 14.62% and a net margin of 15.44%.The firm had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. Equities analysts predict that GBank Financial Holdings Inc. will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On GBank Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of GBank Financial in the second quarter worth $151,000. Legal & General Group Plc bought a new position in GBank Financial in the second quarter valued at about $29,000. Rhumbline Advisers purchased a new position in GBank Financial in the second quarter worth about $334,000. New York State Common Retirement Fund bought a new stake in shares of GBank Financial during the 2nd quarter valued at about $103,000. Finally, Quantbot Technologies LP bought a new stake in shares of GBank Financial during the 2nd quarter valued at about $69,000.

Analysts Set New Price Targets

A number of research firms have commented on GBFH. Weiss Ratings reissued a “hold (c)” rating on shares of GBank Financial in a report on Friday, July 24th. Zacks Research cut GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen raised GBank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Raymond James Financial started coverage on GBank Financial in a report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, JonesTrading decreased their target price on GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.33.

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.