GBank Financial (OTCMKTS:GBFH) Stock Price Down 3.6% - Here's Why

GBank Financial Holdings Inc. (OTCMKTS:GBFH - Get Free Report) shares fell 3.6% on Wednesday . The company traded as low as $38.30 and last traded at $38.30. 47,841 shares changed hands during trading, a decline of 10% from the average session volume of 52,911 shares. The stock had previously closed at $39.72.

GBank Financial Trading Down 3.6%

The stock has a market capitalization of $537.81 million, a PE ratio of 28.16 and a beta of -1.09. The company's 50 day simple moving average is $38.66 and its 200 day simple moving average is $37.56.

GBank Financial (OTCMKTS:GBFH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share for the quarter, meeting analysts' consensus estimates of $0.31. The company had revenue of $17.36 million during the quarter. As a group, analysts predict that GBank Financial Holdings Inc. will post 1.53 EPS for the current year.

Insider Buying and Selling at GBank Financial

In related news, Director Alan Curtis Sklar sold 1,808 shares of GBank Financial stock in a transaction on Friday, June 13th. The shares were sold at an average price of $36.04, for a total transaction of $65,160.32. Following the transaction, the director owned 503,243 shares in the company, valued at approximately $18,136,877.72. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Charles William Jr. Griege sold 50,000 shares of GBank Financial stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $42.52, for a total transaction of $2,126,000.00. Following the transaction, the insider owned 369,289 shares in the company, valued at $15,702,168.28. The trade was a 11.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,047 shares of company stock worth $3,538,716 in the last quarter. 37.70% of the stock is owned by insiders.

GBank Financial Company Profile

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.

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