GBank Financial (OTCMKTS:GBFH) Trading Up 3.2% - Here's Why

Key Points

• GBank Financial Holdings Inc.'s stock price increased by 3.2% to close at $39.81 during trading, with a total of 45,159 shares exchanged.
• Insider trading activity includes the sale of 1,808 shares by Director Alan Curtis Sklar and 23,609 shares by Chairman Edward Michael Nigro, reflecting decreases in their ownership.
• GBank operates as a bank holding company providing various banking services to commercial and consumer customers in Nevada, with a current market capitalization of $559.01 million.

Shares of GBank Financial Holdings Inc. (OTCMKTS:GBFH - Get Free Report) were up 3.2% during mid-day trading on Tuesday . The company traded as high as $40.26 and last traded at $39.81. Approximately 45,159 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 52,969 shares. The stock had previously closed at $38.56.

GBank Financial Stock Down 1.4%

The business has a 50-day moving average price of $38.06 and a 200-day moving average price of $37.78. The firm has a market capitalization of $550.49 million, a PE ratio of 28.35 and a beta of -1.08.

Insider Activity at GBank Financial

In other news, Director Alan Curtis Sklar sold 1,808 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $36.04, for a total transaction of $65,160.32. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Edward Michael Nigro sold 23,609 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $39.37, for a total value of $929,486.33. Following the completion of the sale, the chairman owned 623,869 shares in the company, valued at approximately $24,561,722.53. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,047 shares of company stock valued at $1,412,716 over the last quarter. 37.70% of the stock is currently owned by company insiders.

About GBank Financial

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.