GBank Financial (NASDAQ:GBFH) Earns Buy Rating from Analysts at Brean Capital

Brean Capital began coverage on shares of GBank Financial (NASDAQ:GBFH) in a research note issued to investors on Thursday. The firm issued a buy rating on the stock.

A number of other equities research analysts also recently weighed in on GBFH. JonesTrading decreased their price objective on GBank Financial from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Hovde Group dropped their target price on GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised GBank Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

GBank Financial Stock Down 4.1%

Shares of GBFH stock opened at $26.29 on Thursday. GBank Financial has a one year low of $25.75 and a one year high of $45.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.95. The stock has a fifty day moving average price of $31.92 and a 200 day moving average price of $35.49. The stock has a market cap of $378.05 million, a P/E ratio of 18.13 and a beta of -0.87.

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

Insider Transactions at GBank Financial

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 24,875 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $30.07, for a total transaction of $747,991.25. Following the sale, the chief financial officer owned 13,450 shares of the company’s stock, valued at $404,441.50. This represents a 64.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Tara Allyce Campbell sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total transaction of $219,870.00. Following the completion of the sale, the chief operating officer owned 8,399 shares of the company’s stock, valued at $263,812.59. The trade was a 45.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,000 shares of company stock valued at $1,181,469 over the last ninety days. 37.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GBank Financial

A number of large investors have recently modified their holdings of GBFH. Geode Capital Management LLC bought a new stake in shares of GBank Financial during the second quarter valued at approximately $7,323,000. Police & Firemen s Retirement System of New Jersey bought a new position in GBank Financial in the 2nd quarter worth approximately $74,000. JPMorgan Chase & Co. acquired a new position in GBank Financial during the 2nd quarter worth $151,000. Legal & General Group Plc acquired a new position in GBank Financial during the 2nd quarter worth $29,000. Finally, Rhumbline Advisers bought a new position in GBank Financial in the 2nd quarter valued at $334,000.

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.