GBank Financial (OTCMKTS:GBFH) Shares Down 0.3% - Here's Why

Key Points

• GBank Financial Holdings Inc. saw its share price decline by 0.3% to $40.09, with a total of 37,960 shares traded, which is 26% below the average session volume.
• Insider trading activity included Chairman Edward Michael Nigro selling 23,609 shares and Director Alan Curtis Sklar selling 1,808 shares, collectively reducing their ownership stakes in the company.
• The company has a market capitalization of $572.49 million and offers a range of banking services, including business and personal loans, primarily in Nevada.

Shares of GBank Financial Holdings Inc. (OTCMKTS:GBFH - Get Free Report) fell 0.3% on Wednesday . The company traded as low as $39.68 and last traded at $40.09. 37,960 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 51,072 shares. The stock had previously closed at $40.20.

GBank Financial Stock Performance

The stock has a market capitalization of $561.35 million, a P/E ratio of 28.90 and a beta of -1.08. The stock has a 50-day moving average price of $39.28 and a two-hundred day moving average price of $37.74.

Insider Buying and Selling at GBank Financial

In other news, Director Alan Curtis Sklar sold 1,808 shares of GBank Financial stock in a transaction that occurred 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 sale, the director directly owned 503,243 shares in the company, valued at approximately $18,136,877.72. This trade represents a 0.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 37.70% of the company's stock.

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.