Key Points
- Chairman Edward Michael Nigro purchased 800 shares on Nov. 7 at $34.06 each (total $27,248), increasing his holdings 5.03% to 16,700 shares valued at about $568,802.
- GBank Financial reported quarterly EPS of $0.30 on $20.18M revenue; the stock has a market cap of $512.65M, a PE of 27.62, a 50‑day moving average of $38.95 and a 12‑month range of $26.95–$46.00.
- Analyst and institutional sentiment is mixed but mildly positive, with a MarketBeat consensus rating of "Moderate Buy" and a $55 consensus target while several funds have taken small new stakes.
GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) Chairman Edward Michael Nigro acquired 800 shares of the firm's stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $34.06 per share, for a total transaction of $27,248.00. Following the completion of the acquisition, the chairman owned 16,700 shares in the company, valued at $568,802. This represents a 5.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
GBank Financial Price Performance
GBank Financial stock traded up $0.48 during mid-day trading on Thursday, hitting $35.90. The company's stock had a trading volume of 7,284 shares, compared to its average volume of 49,354. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $38.95. The stock has a market cap of $512.65 million, a PE ratio of 27.62 and a beta of -1.15. GBank Financial Holdings Inc. has a 12 month low of $26.95 and a 12 month high of $46.00.
GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $20.18 million for the quarter. GBank Financial had a net margin of 17.89% and a return on equity of 14.22%.
Institutional Investors Weigh In On GBank Financial
A number of hedge funds have recently modified their holdings of GBFH. BNP Paribas Financial Markets bought a new stake in GBank Financial during the second quarter valued at about $28,000. Legal & General Group Plc bought a new position in shares of GBank Financial during the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. purchased a new stake in GBank Financial in the 3rd quarter worth approximately $30,000. Ameritas Investment Partners Inc. bought a new stake in GBank Financial during the 2nd quarter worth approximately $33,000. Finally, Quantbot Technologies LP bought a new stake in GBank Financial during the 2nd quarter worth approximately $69,000.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on GBFH shares. Jones Trading reissued a "buy" rating and set a $55.00 price objective on shares of GBank Financial in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GBank Financial in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of GBank Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, GBank Financial has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.
Check Out Our Latest Report on GBFH
GBank Financial Company Profile
(
Get Free Report)
GBank Financial Holdings Inc operates as a bank holding company for GBank which provides banking services to commercial and consumer customers principally in Nevada. The company offers business and personal checking and savings accounts. GBank Financial Holdings Inc is based in Las Vegas, Nevada.
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