GBank Financial Holdings Inc. (OTCMKTS:GBFH - Get Free Report)'s stock price was down 6.3% during mid-day trading on Tuesday . The company traded as low as $40.46 and last traded at $41.08. Approximately 9,383 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 53,063 shares. The stock had previously closed at $43.86.
GBank Financial Trading Down 7.4%
The firm has a market capitalization of $570.11 million, a price-to-earnings ratio of 29.85 and a beta of -1.09. The stock's 50-day moving average is $38.72 and its 200-day moving average is $37.81.
GBank Financial (OTCMKTS:GBFH - Get Free Report) last posted 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. On average, equities research analysts anticipate that GBank Financial Holdings Inc. will post 1.53 EPS for the current fiscal year.
Insider Activity
In related news, Director Alan Curtis Sklar sold 1,808 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $36.04, for a total value of $65,160.32. Following the transaction, the director directly owned 503,243 shares in the company, valued at $18,136,877.72. This trade represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward Michael Nigro sold 23,609 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $39.37, for a total transaction of $929,486.33. Following the completion of the transaction, the chairman directly owned 623,869 shares in the company, valued at $24,561,722.53. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,047 shares of company stock valued at $3,538,716 in the last ninety days. 37.70% of the stock is owned by company insiders.
About GBank Financial
(
Get Free Report)
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.
Further Reading
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