GBank Financial Holdings Inc. (OTCMKTS:GBFH - Get Free Report) major shareholder Charles William Jr. Griege sold 50,000 shares of GBank Financial stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $42.52, for a total transaction of $2,126,000.00. Following the completion of the sale, the insider now owns 369,289 shares of the company's stock, valued at $15,702,168.28. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
GBank Financial Stock Up 2.0%
Shares of OTCMKTS GBFH traded up $0.79 during trading on Wednesday, hitting $40.25. 110,703 shares of the company traded hands, compared to its average volume of 21,642. GBank Financial Holdings Inc. has a 1 year low of $15.14 and a 1 year high of $46.00. The firm has a market capitalization of $574.53 million, a P/E ratio of 29.60 and a beta of -0.65. The company has a 50-day moving average price of $35.93 and a 200-day moving average price of $35.67.
GBank Financial (OTCMKTS:GBFH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $17.36 million for the quarter. Research analysts predict that GBank Financial Holdings Inc. will post 1.53 EPS for the current fiscal year.
About GBank Financial
(
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GBank Financial Holdings Inc operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada. The company offers business and personal checking and savings accounts. It also provides small business administration loans; commercial real estate, equipment, business term, and medical/professional loans; business lines of credit; accounts receivable/inventory financing services; and credit cards.
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