GBank Financial (NASDAQ:GBFH) Now Covered by Brean Capital

Key Points

• Brean Capital initiated coverage with a "buy" rating on GBank Financial, and the stock has a consensus "Moderate Buy" from analysts with an average price target of $46 (versus the recent price around $27.40).
• GBank Financial recently beat quarterly expectations with EPS of $0.52 (versus $0.50 consensus) and posted solid profitability metrics (net margin 19.09% and ROE 15.22%).
• Insiders have been net sellers recently — the COO sold 7,000 shares and the CFO sold 24,875 shares, with insiders selling 39,000 shares in the quarter and now owning 37.70% of the stock.

Research analysts at Brean Capital initiated coverage on shares of GBank Financial (NASDAQ:GBFH - Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a "buy" rating on the stock.

Other equities research analysts also recently issued research reports about the company. Hovde Group lowered their price target on GBank Financial from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, January 29th. JonesTrading cut their price objective on GBank Financial from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Wall Street Zen upgraded GBank Financial from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of GBank Financial in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, GBank Financial presently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

GBank Financial Price Performance

Shares of NASDAQ:GBFH traded up $0.11 during trading on Thursday, reaching $27.40. The company had a trading volume of 86,610 shares, compared to its average volume of 63,084. The company has a fifty day moving average of $32.18 and a two-hundred day moving average of $35.68. The stock has a market capitalization of $393.90 million, a P/E ratio of 18.90 and a beta of -0.87. GBank Financial has a 12 month low of $26.56 and a 12 month high of $45.00. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17.

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

Insiders Place Their Bets

In other GBank Financial news, COO Tara Allyce Campbell sold 7,000 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $31.41, for a total transaction of $219,870.00. Following the completion of the sale, the chief operating officer directly owned 8,399 shares in the company, valued at $263,812.59. This represents a 45.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jeffery Ernest Whicker sold 24,875 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were 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 in the company, valued at $404,441.50. This trade represents a 64.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 39,000 shares of company stock worth $1,181,469. 37.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GBank Financial

A number of hedge funds and other institutional investors have recently modified their holdings of GBFH. Geode Capital Management LLC bought a new position in GBank Financial during the 2nd quarter worth approximately $7,323,000. JCSD Capital LLC bought a new stake in GBank Financial in the third quarter valued at approximately $1,603,000. Kennedy Capital Management LLC boosted its stake in shares of GBank Financial by 37.0% during the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company's stock valued at $4,287,000 after purchasing an additional 34,158 shares during the period. T3 Companies LLC bought a new position in shares of GBank Financial in the fourth quarter worth approximately $888,000. Finally, RVW Wealth LLC grew its holdings in shares of GBank Financial by 199.7% in the third quarter. RVW Wealth LLC now owns 33,790 shares of the company's stock worth $1,327,000 after purchasing an additional 22,515 shares during the last quarter.

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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