GBank Financial Holdings Inc. (NASDAQ:GBFH) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts give GBank Financial a “Moderate Buy” consensus: four rate it a buy, one hold, and one sell, with an average 12-month price target of $37.33.
• GBFH opened at $19.11, near its 52-week low of $18.33 and well below its $42.23 high. Its latest quarterly EPS of $0.38 missed estimates of $0.48, although revenue of $21.95 million slightly exceeded expectations.
• Insiders have been buying shares, including purchases by an executive and a director; insiders acquired 81,463 shares worth about $1.74 million during the last quarter and own 32.4% of the company.

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.33.

A number of equities research analysts have issued reports on the company. Zacks Research downgraded GBank Financial from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of GBank Financial in a research report on Friday, July 24th. Wall Street Zen upgraded GBank Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, JonesTrading restated a "buy" rating and issued a $35.00 price target on shares of GBank Financial in a research report on Thursday, August 20th.

GBank Financial Stock Performance

Shares of NASDAQ:GBFH opened at $19.11 on Tuesday. The firm has a fifty day simple moving average of $21.77 and a two-hundred day simple moving average of $26.42. GBank Financial has a 52 week low of $18.33 and a 52 week high of $42.23. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $277.48 million, a P/E ratio of 14.93 and a beta of 0.03.

GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $21.95 million for the quarter, compared to analysts' expectations of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.42%. On average, analysts expect that GBank Financial will post 1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Todd Anthony Nigro bought 5,000 shares of GBank Financial stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $21.07 per share, with a total value of $105,350.00. Following the completion of the purchase, the insider owned 286,494 shares in the company, valued at $6,036,428.58. The trade was a 1.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles Griege, Jr. bought 25,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $21.03 per share, with a total value of $525,750.00. Following the acquisition, the director directly owned 393,289 shares in the company, valued at approximately $8,270,867.67. The trade was a 6.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 81,463 shares of company stock valued at $1,742,969. 32.40% of the stock is currently owned by company insiders.

Institutional Trading of GBank Financial

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of GBank Financial during the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in GBank Financial in the 2nd quarter valued at $72,000. Dimensional Fund Advisors LP increased its stake in GBank Financial by 93.7% in 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. Bank of America Corp DE purchased a new stake in GBank Financial in the second quarter worth $259,000. Finally, Deutsche Bank AG bought a new stake in shares of GBank Financial during the second quarter worth $288,000.

About GBank Financial

GBank Financial Corp. is the bank holding company for GBank, a full-service commercial bank headquartered in Las Vegas, Nevada. Founded in 2007, GBank provides banking services primarily to small and midsized businesses, business owners, professionals and individual customers.

The bank offers commercial and industrial lending, commercial real estate financing, Small Business Administration (SBA) loans and other business credit products. Its deposit and cash-management services include business checking and savings accounts, money market accounts, certificates of deposit and treasury management solutions.

GBank serves customers primarily in Nevada and across the Western United States through its banking operations and commercial lending activities.

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