GBank Financial (OTCMKTS:GBFH) Shares Down 3.6% - Should You Sell?

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

GBank Financial Price Performance

The firm has a market cap of $525.45 million, a PE ratio of 27.51 and a beta of -1.09. The stock's fifty day moving average price is $38.63 and its 200-day moving average price is $37.64.

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 the consensus estimate of $0.31. The firm had revenue of $17.36 million for the quarter. On average, sell-side analysts anticipate that GBank Financial Holdings Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at GBank Financial

In other news, Director Alan Curtis Sklar sold 1,808 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $36.04, for a total transaction of $65,160.32. Following the sale, the director owned 503,243 shares of the company's stock, valued at approximately $18,136,877.72. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Charles William Jr. Griege sold 50,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $42.52, for a total transaction of $2,126,000.00. Following the sale, the insider directly owned 369,289 shares in the company, valued at $15,702,168.28. This represents a 11.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,047 shares of company stock valued at $3,538,716 over the last 90 days. 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.