Analysts Set GBank Financial Holdings Inc. (NASDAQ:GBFH) Price Target at $37.33

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.3333.

Several research firms have recently issued reports on GBFH. JonesTrading lowered their target price on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Raymond James Financial assumed coverage on GBank Financial in a research report on Friday, May 29th. They issued an “outperform” rating and a $35.00 price target for the company. Zacks Research downgraded shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday.

GBank Financial Price Performance

NASDAQ:GBFH opened at $21.46 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The firm’s 50-day moving average price is $28.39 and its 200-day moving average price is $29.07. The company has a market capitalization of $310.53 million, a PE ratio of 16.77 and a beta of 0.06. GBank Financial has a 1-year low of $19.63 and a 1-year high of $42.23.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $21.95 million for the quarter, compared to analysts’ expectations of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. On average, equities analysts predict that GBank Financial will post 1.59 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey K. Newgard purchased 13,065 shares of GBank Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $21.54 per share, with a total value of $281,420.10. Following the completion of the transaction, the chief executive officer directly owned 21,661 shares of the company’s stock, valued at approximately $466,577.94. The trade was a 151.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward Michael Nigro acquired 9,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $21.51 per share, with a total value of $197,892.00. Following the completion of the acquisition, the chief executive officer owned 628,830 shares in the company, valued at $13,526,133.30. The trade was a 1.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 109,463 shares of company stock valued at $2,554,969. Company insiders own 32.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kennedy Capital Management LLC boosted its stake in shares of GBank Financial by 37.0% in the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after buying an additional 34,158 shares during the last quarter. T3 Companies LLC bought a new stake in GBank Financial during the 4th quarter worth approximately $888,000. JCSD Capital LLC lifted its stake in shares of GBank Financial by 54.2% during the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock valued at $2,133,000 after buying an additional 22,131 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of GBank Financial by 223.2% in the first quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock valued at $782,000 after acquiring an additional 20,185 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in GBank Financial by 19.6% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock valued at $3,158,000 after buying an additional 19,311 shares in the last quarter.

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.