Key Points
- CFO Jeffery Ernest Whicker sold a total of 32,000 GBank Financial (NASDAQ:GBFH) shares in two transactions (24,875 on Mar 2 at $30.07 and 7,125 on Mar 3 at $29.98) for about $962,000, leaving him with 13,450 shares — roughly a 65% reduction in his stake.
- GBank beat quarterly EPS estimates ($0.52 vs. $0.50) with a 19.09% net margin and 15.22% ROE on $20.43M revenue; the stock trades near $30.59 with a market cap around $440M and a P/E of 21.1, and analysts' consensus is a Moderate Buy with an average price target of $46.
GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) CFO Jeffery Ernest Whicker sold 7,125 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.98, for a total value of $213,607.50. Following the completion of the transaction, the chief financial officer directly owned 13,450 shares of the company's stock, valued at $403,231. The trade was a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jeffery Ernest Whicker also recently made the following trade(s):
- On Monday, March 2nd, Jeffery Ernest Whicker sold 24,875 shares of GBank Financial stock. The stock was sold at an average price of $30.07, for a total value of $747,991.25.
GBank Financial Price Performance
Shares of GBank Financial stock traded down $0.73 on Thursday, reaching $29.86. The company's stock had a trading volume of 18,303 shares, compared to its average volume of 57,277. The company has a market capitalization of $429.39 million, a P/E ratio of 20.59 and a beta of -0.87. GBank Financial Holdings Inc. has a 52-week low of $27.30 and a 52-week high of $45.00. The stock has a 50-day moving average price of $32.78 and a 200-day moving average price of $36.03. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.17.
GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its earnings results on Wednesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. GBank Financial had a return on equity of 15.22% and a net margin of 19.09%.The firm had revenue of $20.43 million for the quarter.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on GBFH shares. Weiss Ratings reissued a "hold (c)" rating on shares of GBank Financial in a research note on Thursday, January 22nd. JonesTrading cut their price objective on GBank Financial from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. Finally, Hovde Group reduced their target price on GBank Financial from $44.00 to $42.00 and set an "outperform" rating for the company in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, GBank Financial has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.
Check Out Our Latest Report on GBank Financial
Institutional Trading of GBank Financial
Several large investors have recently bought and sold shares of GBFH. Vanguard Group Inc. raised its holdings in GBank Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 526,122 shares of the company's stock valued at $20,661,000 after acquiring an additional 2,951 shares during the last quarter. Chapin Davis Inc. grew its position in shares of GBank Financial by 5.1% in the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company's stock valued at $7,434,000 after purchasing an additional 10,600 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of GBank Financial in the second quarter valued at approximately $7,323,000. State Street Corp increased its holdings in shares of GBank Financial by 2.2% in the fourth quarter. State Street Corp now owns 190,548 shares of the company's stock valued at $6,458,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in GBank Financial by 37.0% during the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company's stock worth $4,287,000 after buying an additional 34,158 shares in the last quarter.
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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