GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give GBank Financial a consensus rating of "Hold" based on five covers (1 sell, 1 hold, 3 buys) with an average 12‑month price target of $46.00, though recent notes include a downgrade to sell from Wall Street Zen and buy/coverage initiations from JonesTrading and Brean Capital.
• The company reported a quarterly earnings miss—EPS of $0.31 vs. $0.50 expected and revenue of $19.14M vs. $22.10M—and the stock trades around $30.66 with a 12‑month range of $23.87–$45.00, market cap ~$444M and a P/E of 24.93.
• Insiders have sold 39,000 shares over the last 90 days worth ~$1.18M (notably the CFO and COO), though corporate insiders still own about 32.40% of the company.

Shares of GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $46.00.

Several brokerages recently commented on GBFH. Wall Street Zen cut GBank Financial from a "hold" rating to a "sell" rating in a research note on Saturday. JonesTrading reaffirmed a "buy" rating and set a $50.00 price objective on shares of GBank Financial in a research report on Thursday. Brean Capital began coverage on shares of GBank Financial in a research note on Thursday, March 12th. They issued a "buy" rating for the company. Weiss Ratings downgraded shares of GBank Financial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday. Finally, Hovde Group dropped their price target on shares of GBank Financial from $44.00 to $42.00 and set an "outperform" rating on the stock in a research note on Thursday, January 29th.

GBank Financial Trading Up 4.1%

GBank Financial stock opened at $30.66 on Friday. GBank Financial has a 12 month low of $23.87 and a 12 month high of $45.00. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. The stock has a market cap of $443.65 million, a P/E ratio of 24.93 and a beta of -0.11. The company's fifty day simple moving average is $28.41 and its 200-day simple moving average is $32.59.

GBank Financial (NASDAQ:GBFH - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.66%. The firm had revenue of $19.14 million for the quarter, compared to analyst estimates of $22.10 million. As a group, sell-side analysts forecast that GBank Financial will post 2.5 EPS for the current fiscal year.

Insider Activity

In other GBank Financial news, CFO Jeffery Ernest Whicker sold 24,875 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the completion of the sale, the chief financial officer owned 13,450 shares of the company's stock, valued at $404,441.50. The trade was a 64.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Tara Allyce Campbell sold 7,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total value of $219,870.00. Following the transaction, the chief operating officer directly owned 8,399 shares in the company, valued at approximately $263,812.59. This represents a 45.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 39,000 shares of company stock worth $1,181,469. Corporate insiders own 32.40% of the company's stock.

Hedge Funds Weigh In On GBank Financial

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG grew its stake in GBank Financial by 6.9% in the 4th quarter. Deutsche Bank AG now owns 6,504 shares of the company's stock valued at $220,000 after buying an additional 417 shares during the last quarter. Invesco Ltd. grew its position in shares of GBank Financial by 12.5% in the fourth quarter. Invesco Ltd. now owns 6,322 shares of the company's stock valued at $214,000 after purchasing an additional 700 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of GBank Financial in the fourth quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in shares of GBank Financial during the 3rd quarter worth about $30,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of GBank Financial during the 2nd quarter worth about $28,000.

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.

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