GBank Financial (NASDAQ:GBFH) Stock Price Up 1% – Still a Buy?

GBank Financial Holdings Inc. (NASDAQ:GBFH) shares shot up 1% during trading on Thursday . The company traded as high as $32.83 and last traded at $32.78. 92,841 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 52,850 shares. The stock had previously closed at $32.46.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Hovde Group cut their price objective on GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a report on Thursday, January 22nd. Finally, JonesTrading dropped their price target on shares of GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.00.

GBank Financial Price Performance

The firm has a 50-day moving average of $33.71 and a 200-day moving average of $36.50. The stock has a market cap of $471.38 million, a PE ratio of 22.61 and a beta of -1.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95.

GBank Financial (NASDAQ:GBFH) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $20.43 million during the quarter. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.

Institutional Trading of GBank Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of GBank Financial by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after buying an additional 2,951 shares in the last quarter. Chapin Davis Inc. grew its position in GBank Financial by 5.1% in the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company’s stock worth $7,434,000 after acquiring an additional 10,600 shares in the last quarter. Geode Capital Management LLC bought a new stake in GBank Financial during the second quarter worth approximately $7,323,000. State Street Corp raised its position in GBank Financial by 2.2% during the fourth quarter. State Street Corp now owns 190,548 shares of the company’s stock valued at $6,458,000 after purchasing an additional 4,111 shares during the period. Finally, Kennedy Capital Management LLC raised its position in GBank Financial by 37.0% during the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after purchasing an additional 34,158 shares during the period.

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.