GBank Financial (NASDAQ:GBFH) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded GBank Financial (NASDAQ:GBFH) from a "hold" to a "sell" in a research note issued Sunday.
• Despite that downgrade, analysts overall remain mostly positive—three Buys and one Hold give a consensus "Moderate Buy" with an average target of $46, while the stock recently traded near $26.29 (52‑week range $25.75–$45).
• Significant insider selling has occurred recently: the CFO and COO each sold thousands of shares and insiders have sold 39,000 shares (~$1.18M) in the last 90 days, though insiders still own 37.7% of the company.

GBank Financial (NASDAQ:GBFH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Sunday.

A number of other brokerages also recently issued reports on GBFH. Weiss Ratings reiterated a "hold (c)" rating on shares of GBank Financial in a research note on Thursday, January 22nd. JonesTrading dropped their price objective on shares of GBank Financial from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, January 29th. Hovde Group reduced their price objective on shares of GBank Financial from $44.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. Finally, Brean Capital started coverage on shares of GBank Financial in a research report on Thursday. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

GBank Financial Price Performance

Shares of GBFH opened at $26.29 on Friday. The business's 50-day moving average is $31.92 and its two-hundred day moving average is $35.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.01. GBank Financial has a fifty-two week low of $25.75 and a fifty-two week high of $45.00. The company has a market capitalization of $378.05 million, a P/E ratio of 18.13 and a beta of -0.87.

GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.The business had revenue of $20.43 million during the quarter.

Insider Activity at GBank Financial

In related news, CFO Jeffery Ernest Whicker sold 7,125 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total transaction of $213,607.50. Following the completion of the sale, the chief financial officer owned 13,450 shares in the company, valued at $403,231. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tara Allyce Campbell sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $31.41, for a total transaction of $219,870.00. Following the sale, the chief operating officer owned 8,399 shares of the company's stock, valued at $263,812.59. This represents a 45.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,000 shares of company stock valued at $1,181,469. 37.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On GBank Financial

Several large investors have recently bought and sold shares of GBFH. State of Alaska Department of Revenue purchased a new position in shares of GBank Financial during the fourth quarter worth about $25,000. BNP Paribas Financial Markets purchased a new stake in shares of GBank Financial in the 2nd quarter valued at about $28,000. Legal & General Group Plc acquired a new stake in shares of GBank Financial in the 2nd quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new stake in shares of GBank Financial in the 3rd quarter valued at about $30,000. Finally, Ameritas Investment Partners Inc. purchased a new position in GBank Financial during the 2nd quarter worth approximately $33,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.