GBank Financial (NASDAQ:GBFH) Director Charles William Jr. Griege Acquires 25,000 Shares

Key Points

• Director Charles William Jr. Griege bought 25,000 GBank Financial shares at an average price of $21.03, investing $525,750 and increasing his stake by 6.79% to 393,289 shares.
• GBFH shares rose 0.4% to $20.93 but remain near their 52-week low of $19.63 and well below the 52-week high of $42.23. The company’s latest quarterly EPS of $0.38 missed estimates, though revenue slightly exceeded expectations.
• Analyst sentiment is mixed but currently averages a “Moderate Buy”, with a consensus price target of $37.33; recent ratings included an outperform initiation and downgrades from hold to strong sell.

GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) Director Charles William Jr. Griege bought 25,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were bought at an average price of $21.03 per share, with a total value of $525,750.00. Following the completion of the transaction, the director directly owned 393,289 shares in the company, valued at approximately $8,270,867.67. This trade represents a 6.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles William Jr. Griege also recently made the following trade(s):

• On Friday, June 5th, Charles William Jr. Griege purchased 24,000 shares of GBank Financial stock. The stock was purchased at an average price of $29.00 per share, for a total transaction of $696,000.00.
• On Friday, June 5th, Charles William Jr. Griege acquired 4,000 shares of GBank Financial stock. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $116,000.00.

GBank Financial Trading Up 0.4%

GBank Financial stock traded up $0.08 during midday trading on Friday, hitting $20.93. 106,100 shares of the stock were exchanged, compared to its average volume of 72,358. The stock has a market capitalization of $302.86 million, a PE ratio of 16.35 and a beta of 0.05. The company has a fifty day simple moving average of $29.36 and a two-hundred day simple moving average of $29.58. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. GBank Financial Holdings Inc. has a 52 week low of $19.63 and a 52 week 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 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. Equities research analysts anticipate that GBank Financial Holdings Inc. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in GBank Financial during the fourth quarter worth $25,000. Russell Investments Group Ltd. bought a new position in shares of GBank Financial in the 3rd quarter valued at about $30,000. BNP Paribas Financial Markets bought a new stake in shares of GBank Financial in the 2nd quarter valued at about $28,000. Legal & General Group Plc bought a new stake in shares of GBank Financial in the 2nd quarter valued at about $29,000. Finally, Quantbot Technologies LP acquired a new stake in GBank Financial in the 2nd quarter valued at about $69,000.

Wall Street Analysts Forecast Growth

GBFH has been the topic of several research analyst reports. Raymond James Financial initiated coverage on GBank Financial in a research note on Friday, May 29th. They set an "outperform" rating and a $35.00 price objective on the stock. Wall Street Zen raised GBank Financial from a "strong sell" rating to a "sell" rating in a research note on Saturday, June 27th. Zacks Research lowered GBank Financial from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. JonesTrading decreased their price objective on GBank Financial from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of GBank Financial in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.33.

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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