GBank Financial (NASDAQ:GBFH) Raised to Hold at Wall Street Zen

GBank Financial (NASDAQ:GBFH) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

GBFH has been the subject of a number of other reports. Hovde Group decreased their price objective on shares of GBank Financial from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Brean Capital began coverage on GBank Financial in a research note on Thursday, March 12th. They issued a “buy” rating on the stock. JonesTrading reduced their target price on GBank Financial from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

GBank Financial Price Performance

GBFH opened at $27.47 on Friday. GBank Financial has a 1 year low of $23.87 and a 1 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 company has a market capitalization of $397.49 million, a price-to-earnings ratio of 18.94 and a beta of -0.40. The firm’s fifty day moving average price is $30.05 and its two-hundred day moving average price is $34.02.

GBank Financial (NASDAQ:GBFH) last announced its earnings results on Wednesday, January 28th. The company reported $0.52 EPS for the quarter, beating 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 company had revenue of $20.43 million during the quarter.

Insider Activity

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 24,875 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer directly owned 13,450 shares in the company, valued at $404,441.50. The trade was a 64.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tara Allyce Campbell sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total transaction of $219,870.00. Following the transaction, the chief operating officer directly owned 8,399 shares of the company’s stock, valued at $263,812.59. This represents a 45.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,000 shares of company stock valued at $1,181,469. 37.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On GBank Financial

A number of hedge funds have recently modified their holdings of GBFH. Vanguard Group Inc. grew its holdings in GBank Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock valued at $20,661,000 after purchasing an additional 2,951 shares during the period. 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 valued at $7,434,000 after buying an additional 10,600 shares during the period. Geode Capital Management LLC purchased a new position in shares of GBank Financial during the 2nd quarter valued at $7,323,000. State Street Corp lifted its position in shares of GBank Financial by 2.2% during the 4th quarter. State Street Corp now owns 190,548 shares of the company’s stock valued at $6,458,000 after buying an additional 4,111 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of GBank Financial by 37.0% during the 4th quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock worth $4,287,000 after acquiring an additional 34,158 shares during the period.

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.