GBank Financial (NASDAQ:GBFH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GBank Financial (NASDAQ:GBFH) from a sell rating to a hold rating in a research note published on Saturday.

Several other equities analysts have also weighed in on GBFH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GBank Financial in a research report on Friday, July 24th. Zacks Research downgraded shares of GBank Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Raymond James Financial initiated coverage on shares of GBank Financial in a research note on Friday, May 29th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, JonesTrading cut their price target on shares of GBank Financial from $50.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

GBank Financial Price Performance

GBFH opened at $21.21 on Friday. The stock has a fifty day moving average price of $28.22 and a 200 day moving average price of $28.98. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. GBank Financial has a 1 year low of $19.63 and a 1 year high of $42.23. The stock has a market cap of $306.91 million, a price-to-earnings ratio of 16.57 and a beta of 0.06.

GBank Financial (NASDAQ:GBFH) last issued its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 14.42% and a net margin of 15.44%. Analysts forecast that GBank Financial will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Timothy P. Herbst acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the purchase, the director owned 327,126 shares of the company’s stock, valued at approximately $7,033,209. The trade was a 3.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey K. Newgard acquired 19,198 shares of GBank Financial stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $21.75 per share, with a total value of $417,556.50. Following the completion of the purchase, the chief executive officer directly owned 12,889 shares of the company’s stock, valued at $280,335.75. The trade was a -304.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 109,463 shares of company stock worth $2,554,969 in the last three months. 32.40% of the stock is owned by insiders.

Hedge Funds Weigh In On GBank Financial

Several large investors have recently bought and sold shares of the stock. Kennedy Capital Management LLC raised its position in shares of GBank Financial by 37.0% during the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company’s stock valued at $4,287,000 after buying an additional 34,158 shares during the last quarter. T3 Companies LLC bought a new stake in shares of GBank Financial in the 4th quarter valued at approximately $888,000. Emerald Advisers LLC raised its holdings 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 buying an additional 20,185 shares in the last quarter. JCSD Capital LLC raised its holdings 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 buying an additional 22,131 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of GBank Financial by 19.6% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock worth $3,158,000 after buying 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.