GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.3333.

A number of equities research analysts have weighed in on the stock. Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Wall Street Zen lowered shares of GBank Financial from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, Brean Capital initiated coverage on shares of GBank Financial in a research report on Thursday, March 12th. They issued a “buy” rating on the stock.

Insider Activity

In other news, Director Charles William Jr. Griege purchased 24,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $29.00 per share, for a total transaction of $696,000.00. Following the transaction, the director owned 368,289 shares of the company’s stock, valued at approximately $10,680,381. This trade represents a 6.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 32.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GBFH. Kennedy Capital Management LLC lifted its position 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 purchasing an additional 34,158 shares during the period. T3 Companies LLC acquired a new position in shares of GBank Financial in the 4th quarter worth approximately $888,000. JCSD Capital LLC lifted its position in shares of GBank Financial by 54.2% in the 4th quarter. JCSD Capital LLC now owns 62,939 shares of the company’s stock worth $2,133,000 after purchasing an additional 22,131 shares during the period. Militia Capital Partners LP acquired a new position in shares of GBank Financial in the 2nd quarter worth approximately $776,000. Finally, Emerald Advisers LLC lifted its position in shares of GBank Financial by 223.2% in the 1st quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock worth $782,000 after purchasing an additional 20,185 shares during the period.

GBank Financial Stock Performance

GBFH opened at $29.57 on Friday. GBank Financial has a fifty-two week low of $23.87 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a market capitalization of $427.88 million, a price-to-earnings ratio of 24.04 and a beta of -0.12. The company’s 50 day moving average price is $29.23 and its two-hundred day moving average price is $30.89.

GBank Financial (NASDAQ:GBFH) last posted its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). GBank Financial had a return on equity of 14.46% and a net margin of 15.62%.The business had revenue of $19.65 million for the quarter, compared to the consensus estimate of $22.10 million. As a group, research analysts predict that GBank Financial will post 2.03 earnings per share for the current year.

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.