GBank Financial (NASDAQ:GBFH) Posts Earnings Results, Misses Estimates By $0.12 EPS

GBank Financial (NASDAQ:GBFH) posted its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.12), FiscalAI reports. GBank Financial had a return on equity of 14.46% and a net margin of 15.62%.

GBank Financial Stock Down 1.4%

GBank Financial stock traded down $0.42 during trading hours on Wednesday, reaching $29.92. The stock had a trading volume of 45,146 shares, compared to its average volume of 64,685. The company has a market cap of $432.94 million, a price-to-earnings ratio of 24.33 and a beta of -0.11. 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 business’s 50 day moving average price is $30.30 and its 200-day moving average price is $30.05. GBank Financial has a 52 week low of $23.87 and a 52 week high of $42.23.

Wall Street Analysts Forecast Growth

GBFH has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research note on Friday. Raymond James Financial started coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an “outperform” rating and a $35.00 target price on the stock. Wall Street Zen upgraded shares of GBank Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. JonesTrading reaffirmed a “buy” rating and issued a $50.00 price target on shares of GBank Financial in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of GBank Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GBank Financial currently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Insider Buying and Selling at GBank Financial

In other news, Director Charles William Jr. Griege acquired 24,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $29.00 per share, with a total value of $696,000.00. Following the transaction, the director directly owned 368,289 shares in the company, valued at approximately $10,680,381. This represents a 6.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On GBank Financial

Several institutional investors have recently bought and sold shares of GBFH. Vanguard Group Inc. increased its position in shares of GBank Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company’s stock worth $20,661,000 after purchasing an additional 2,951 shares in the last quarter. State Street Corp grew its stake in GBank Financial by 2.2% during the 4th quarter. State Street Corp now owns 190,548 shares of the company’s stock worth $6,458,000 after buying an additional 4,111 shares during the last quarter. Militia Capital Partners LP acquired a new position in GBank Financial during the 2nd quarter valued at about $776,000. Goldman Sachs Group Inc. increased its position in GBank Financial by 82.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 20,545 shares of the company’s stock valued at $696,000 after buying an additional 9,269 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in GBank Financial in the second quarter valued at about $535,000.

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.