GBank Financial Holdings Inc. (NASDAQ:GBFH) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on GBank Financial, with four buys, one hold and one sell; the average 12-month price target is $37.33.
• GBank Financial reported quarterly EPS of $0.38, missing the $0.48 consensus estimate, while revenue of $21.95 million slightly exceeded expectations. Shares opened at $20.88, near the company’s 52-week low of $19.63.
• Insiders purchased 109,463 shares worth approximately $2.55 million over the past quarter, and BlackRock initiated a position valued at about $20.2 million.

GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $37.3333.

GBFH has been the topic of several recent research reports. Raymond James Financial assumed coverage on shares of GBank Financial in a research report on Friday, May 29th. They issued an "outperform" rating and a $35.00 price target on the stock. JonesTrading dropped their price target on GBank Financial from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Wall Street Zen raised shares of GBank Financial from a "strong sell" rating to a "sell" rating in a report on Saturday, June 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of GBank Financial in a research report on Friday, July 24th. Finally, Zacks Research cut shares of GBank Financial from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st.

GBank Financial Price Performance

Shares of NASDAQ:GBFH opened at $20.88 on Monday. The company has a market capitalization of $302.13 million, a price-to-earnings ratio of 16.31 and a beta of 0.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The business's 50-day moving average is $29.18 and its 200-day moving average is $29.49. GBank Financial has a 1 year low of $19.63 and a 1 year high of $42.23.

GBank Financial (NASDAQ:GBFH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The business had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a return on equity of 14.62% and a net margin of 15.44%. Equities research analysts predict that GBank Financial will post 1.59 earnings per share for the current year.

Insider Activity

In related news, CEO Edward Michael Nigro purchased 9,200 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $21.51 per share, with a total value of $197,892.00. Following the completion of the acquisition, the chief executive officer directly owned 628,830 shares of the company's stock, valued at approximately $13,526,133.30. The trade was a 1.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles William Jr. Griege acquired 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of $21.03 per share, for a total transaction of $525,750.00. Following the completion of the purchase, the director owned 393,289 shares in the company, valued at $8,270,867.67. This trade represents a 6.79% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 109,463 shares of company stock valued at $2,554,969. 32.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GBank Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of GBank Financial during the 2nd quarter valued at $20,156,000. Deutsche Bank AG bought a new position in shares of GBank Financial during the 2nd quarter valued at approximately $288,000. Bank of New York Mellon Corp bought a new stake in shares of GBank Financial in the 2nd quarter worth about $703,000. Dimensional Fund Advisors LP lifted its position 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 buying an additional 5,657 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in GBank Financial by 19.6% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company's stock valued at $3,158,000 after purchasing an additional 19,311 shares during the last quarter.

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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