Jeffery Ernest Whicker Sells 24,875 Shares of GBank Financial (NASDAQ:GBFH) Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) CFO Jeffery Ernest Whicker sold 24,875 shares of GBank Financial stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $30.07, for a total transaction of $747,991.25. Following the transaction, the chief financial officer directly owned 13,450 shares in the company, valued at $404,441.50. This trade represents a 64.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeffery Ernest Whicker also recently made the following trade(s):

• On Tuesday, March 3rd, Jeffery Ernest Whicker sold 7,125 shares of GBank Financial stock. The shares were sold at an average price of $29.98, for a total transaction of $213,607.50.

GBank Financial Price Performance

GBFH stock opened at $29.82 on Friday. The firm has a market cap of $428.69 million, a P/E ratio of 20.57 and a beta of -0.87. The firm’s fifty day moving average is $32.67 and its 200 day moving average is $35.99. GBank Financial Holdings Inc. has a 52 week low of $27.30 and a 52 week high of $45.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.01.

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. GBank Financial had a net margin of 19.09% and a return on equity of 15.22%. The business had revenue of $20.43 million during the quarter.

Hedge Funds Weigh In On GBank Financial

A number of hedge funds have recently added to or reduced their stakes in GBFH. Vanguard Group Inc. lifted its position in GBank Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after acquiring an additional 2,951 shares in the last quarter. Chapin Davis Inc. raised its stake in shares of 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 purchasing an additional 10,600 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of GBank Financial during the second quarter valued at $7,323,000. State Street Corp lifted its holdings in shares of 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 in the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of 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 buying an additional 34,158 shares during the last quarter.

Analyst Upgrades and Downgrades

GBFH has been the topic of several recent analyst reports. Hovde Group cut their target price on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. JonesTrading reduced their target price on GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GBank Financial in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, GBank Financial currently has an average rating of “Moderate Buy” and an average target price of $46.00.

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.