Key Points
- CEO Jeffrey Newgard purchased 19,198 GBank Financial shares at an average $21.75, investing $417,556.50 and significantly increasing his direct ownership.
- GBFH shares opened at $20.39, down 4.9%, after the company reported quarterly EPS of $0.38—below the $0.48 analyst consensus—despite revenue slightly exceeding estimates.
- Analyst sentiment remains mixed: the consensus rating is “Moderate Buy” with a $37.33 average price target, while recent actions included a Zacks downgrade to “strong sell” and a JonesTrading target cut to $35.
GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) insider Todd Anthony Nigro purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $21.07 per share, with a total value of $105,350.00. Following the completion of the purchase, the insider owned 286,494 shares of the company's stock, valued at $6,036,428.58. This represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
GBank Financial Stock Performance
GBank Financial stock opened at $20.39 on Thursday. GBank Financial Holdings Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $42.23. The stock's 50 day simple moving average is $29.53 and its two-hundred day simple moving average is $29.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market cap of $295.04 million, a price-to-earnings ratio of 15.93 and a beta of 0.05.
GBank Financial (NASDAQ:GBFH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $21.95 million during the quarter, compared to the consensus estimate of $21.80 million. GBank Financial had a return on equity of 14.62% and a net margin of 15.44%. As a group, analysts expect that GBank Financial Holdings Inc. will post 1.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of GBank Financial in a research report on Friday, July 24th. JonesTrading decreased their price target on shares of GBank Financial from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Raymond James Financial initiated coverage on shares of GBank Financial in a research report on Friday, May 29th. They set an "outperform" rating and a $35.00 price target for the company. Wall Street Zen raised shares of GBank Financial from a "strong sell" rating to a "sell" rating in a research note on Saturday, June 27th. Finally, Zacks Research lowered shares of GBank Financial from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.33.
View Our Latest Stock Report on GBFH
Hedge Funds Weigh In On GBank Financial
Several institutional investors and hedge funds have recently modified their holdings of GBFH. State of Alaska Department of Revenue purchased a new position in shares of GBank Financial in the 4th quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in GBank Financial in the 3rd quarter worth about $30,000. BNP Paribas Financial Markets purchased a new stake in GBank Financial during the 2nd quarter valued at about $28,000. Legal & General Group Plc bought a new stake in GBank Financial during the 2nd quarter valued at about $29,000. Finally, Quantbot Technologies LP purchased a new position in GBank Financial in the second quarter worth about $69,000.
GBank Financial News Summary
Here are the key news stories impacting GBank Financial this week:
- Positive Sentiment: CEO Jeffrey K. Newgard purchased 13,065 shares at an average of $21.54, investing approximately $281,420. The purchase increased his reported ownership to 21,661 shares. SEC filing
- Positive Sentiment: Newgard also reported buying 19,198 shares at an average price of $21.75, representing an investment of approximately $417,557. The filings indicate significant additional insider exposure to GBFH. SEC filing
- Positive Sentiment: Director Timothy P. Herbst acquired 10,000 shares at $21.50 per share, investing $215,000 and increasing his holding to 327,126 shares. SEC filing
- Positive Sentiment: CEO Edward Michael Nigro purchased 9,200 shares at an average of $21.51, spending approximately $197,892. His direct ownership rose to 628,830 shares. SEC filing
- Positive Sentiment: Insider Todd Anthony Nigro bought 5,000 shares at $21.07, adding approximately $105,350 to his position and increasing his ownership to 286,494 shares. SEC filing
About GBank Financial
(
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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