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", though other analysts are mixed with a consensus "Moderate Buy" rating and an average target price of $46.00.
• The company missed Q1 estimates, reporting $0.31 EPS and $19.14 million in revenue versus consensus of $0.50 EPS and $22.1 million in revenue.
• Significant insider selling occurred recently—COO and CFO sales contributed to 39,000 shares sold (~$1.18M) over three months, even as insiders still own 32.4% of the stock.

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

GBFH has been the subject of several other reports. Weiss Ratings downgraded GBank Financial from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday. Hovde Group reduced their price objective on GBank Financial from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, January 29th. Brean Capital began coverage on GBank Financial in a research note on Thursday, March 12th. They set a "buy" rating for the company. Finally, JonesTrading reaffirmed a "buy" rating and set a $50.00 price objective on shares of GBank Financial in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.00.

GBank Financial Stock Up 4.1%

GBank Financial stock opened at $30.66 on Friday. GBank Financial has a fifty-two week low of $23.87 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $443.65 million, a P/E ratio of 24.93 and a beta of -0.11. The stock has a 50-day simple moving average of $28.41 and a 200-day simple moving average of $32.59.

GBank Financial (NASDAQ:GBFH - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $19.14 million during the quarter, compared to analysts' expectations of $22.10 million. GBank Financial had a net margin of 15.62% and a return on equity of 14.66%. Equities research analysts expect that GBank Financial will post 2.5 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Tara Allyce Campbell sold 7,000 shares of the 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 completion of the transaction, the chief operating officer directly owned 8,399 shares of the company's stock, valued at approximately $263,812.59. This represents a 45.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $30.07, for a total value of $747,991.25. Following the transaction, the chief financial officer directly owned 13,450 shares of the company's stock, valued at approximately $404,441.50. This trade represents a 64.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 39,000 shares of company stock valued at $1,181,469. Company insiders own 32.40% of the company's stock.

Institutional Investors Weigh In On GBank Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of GBank Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company's stock worth $20,661,000 after acquiring an additional 2,951 shares during the period. Militia Capital Partners LP acquired a new stake in shares of GBank Financial in the 2nd quarter worth approximately $776,000. Goldman Sachs Group Inc. grew its holdings in shares of GBank Financial by 82.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 20,545 shares of the company's stock worth $696,000 after acquiring an additional 9,269 shares during the period. Bank of America Corp DE acquired a new stake in shares of GBank Financial in the 2nd quarter worth approximately $535,000. Finally, Barclays PLC grew its holdings in shares of GBank Financial by 10.6% in the 4th quarter. Barclays PLC now owns 14,029 shares of the company's stock worth $475,000 after acquiring an additional 1,348 shares during the period.

About GBank Financial

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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