Insider Buying: GBank Financial (NASDAQ:GBFH) Director Acquires $215,000.00 in Stock

GBank Financial Holdings Inc. (NASDAQ:GBFH) Director Timothy Herbst bought 10,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the purchase, the director owned 327,126 shares of the company’s stock, valued at $7,033,209. This trade represents a 3.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

GBank Financial Stock Performance

GBFH opened at $20.88 on Friday. The business has a fifty day simple moving average of $29.18 and a 200 day simple moving average of $29.52. The company has a market capitalization of $302.13 million, a PE ratio of 16.31 and a beta of 0.05. GBank Financial Holdings Inc. has a 1 year low of $19.63 and a 1 year high of $42.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96.

GBank Financial (NASDAQ:GBFH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $21.95 million during the quarter, compared to analyst estimates of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. Research analysts expect that GBank Financial Holdings Inc. will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of GBank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Raymond James Financial assumed coverage on shares of GBank Financial in a research note on Friday, May 29th. They issued an “outperform” rating and a $35.00 price objective for the company. JonesTrading cut their price objective on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Finally, Zacks Research lowered shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GBank Financial has an average rating of “Moderate Buy” and a consensus price target of $37.33.

Institutional Trading of GBank Financial

A number of institutional investors have recently modified their holdings of GBFH. BlackRock Inc. acquired a new stake in shares of GBank Financial during the 2nd quarter worth $20,156,000. Deutsche Bank AG acquired a new position in GBank Financial in the second quarter valued at about $288,000. Bank of New York Mellon Corp acquired a new position in GBank Financial in the second quarter valued at about $703,000. Dimensional Fund Advisors LP lifted its position in GBank Financial by 93.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock worth $313,000 after purchasing an additional 5,657 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its position in GBank Financial by 19.6% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after purchasing an additional 19,311 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.