GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Has Consensus Price Target of $37.33

Key Points

• Analysts maintain a Moderate Buy consensus on GBank Financial, with four buy ratings and two holds. The average 12-month price target is $37.33, well above the stock’s reported $17.37 opening price.
• GBank Financial’s latest quarterly earnings fell short of expectations, with adjusted EPS of $0.38 versus the $0.48 consensus estimate, although revenue of $21.95 million slightly exceeded forecasts.
• Insider buying has been notable: insiders purchased 81,463 shares worth approximately $1.74 million over the past 90 days, and company insiders own 32.4% of outstanding shares.

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $37.33.

A number of equities analysts recently commented on GBFH shares. Zacks Research raised shares of GBank Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Wall Street Zen upgraded GBank Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GBank Financial in a research report on Thursday. Finally, JonesTrading reissued a "buy" rating and issued a $35.00 price objective on shares of GBank Financial in a report on Thursday, August 20th.

GBank Financial Trading Down 0.7%

NASDAQ:GBFH opened at $17.37 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The business has a 50 day simple moving average of $19.04 and a 200 day simple moving average of $25.25. The firm has a market capitalization of $252.21 million, a P/E ratio of 13.57 and a beta of 0.07. GBank Financial has a 12-month low of $16.50 and a 12-month high of $39.88.

GBank Financial (NASDAQ:GBFH - Get Free Report) last announced 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). GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. The business had revenue of $21.95 million for the quarter, compared to the consensus estimate of $21.80 million. Equities research analysts predict that GBank Financial will post 1.59 EPS for the current year.

Insider Buying and Selling at GBank Financial

In related news, insider Todd Anthony Nigro bought 5,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $21.07 per share, with a total value of $105,350.00. Following the completion of the acquisition, the insider owned 286,494 shares of the company's stock, valued at $6,036,428.58. The trade was a 1.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey K. Newgard purchased 13,065 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $21.54 per share, with a total value of $281,420.10. Following the purchase, the chief executive officer owned 21,661 shares of the company's stock, valued at approximately $466,577.94. This trade represents a 151.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 81,463 shares of company stock worth $1,742,969 in the last 90 days. Company insiders own 32.40% of the company's stock.

Institutional Trading of GBank Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBFH. Legal & General Group Plc acquired a new stake in shares of GBank Financial in the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC bought a new position in shares of GBank Financial in the second quarter valued at approximately $72,000. Dimensional Fund Advisors LP grew its stake in shares of GBank Financial by 93.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company's stock worth $313,000 after acquiring an additional 5,657 shares during the period. Bank of America Corp DE purchased a new stake in GBank Financial during the second quarter valued at about $259,000. Finally, Deutsche Bank AG bought a new position in GBank Financial in the 2nd quarter worth about $288,000.

About GBank Financial

GBank Financial Holdings, Inc is the bank holding company for GBank, a Nevada-chartered commercial bank headquartered in Las Vegas. The company provides banking products and financial services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.

GBank offers business and personal deposit accounts, commercial and residential real estate loans, business lending, treasury management services and other traditional banking products. Its specialty lending activities include Small Business Administration lending and mortgage warehouse financing, which provides credit facilities to mortgage originators.

Founded in 2007, GBank primarily serves customers in Nevada, including the Las Vegas and Reno markets, while its specialty lending businesses may serve borrowers and financial institutions in broader geographic markets.

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