Key Points
- Director Charles William Jr. Griege purchased 25,000 GBank Financial shares at an average price of $21.03, investing $525,750 and increasing his direct ownership by 6.79% to 393,289 shares.
- GBFH shares opened at $20.88, near the company’s 52-week low of $19.63 and well below its 52-week high of $42.23. The stock has a market capitalization of approximately $302 million and a P/E ratio of 16.31.
- GBank Financial missed quarterly EPS expectations, reporting $0.38 versus the $0.48 consensus, although revenue of $21.95 million slightly exceeded estimates. Analyst opinion remains mixed, with a “Moderate Buy” consensus and an average price target of $37.33.
GBank Financial Holdings Inc. (NASDAQ:GBFH - Get Free Report) Director Charles William Jr. Griege bought 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average cost of $21.03 per share, for a total transaction of $525,750.00. Following the completion of the purchase, the director directly owned 393,289 shares of the company's stock, valued at $8,270,867.67. The trade was a 6.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Charles William Jr. Griege also recently made the following trade(s):
- On Friday, June 5th, Charles William Jr. Griege acquired 24,000 shares of GBank Financial stock. The stock was acquired at an average price of $29.00 per share, with a total value of $696,000.00.
- On Friday, June 5th, Charles William Jr. Griege acquired 4,000 shares of GBank Financial stock. The stock was acquired at an average price of $29.00 per share, for a total transaction of $116,000.00.
GBank Financial Price Performance
Shares of GBank Financial stock opened at $20.88 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $302.13 million, a PE ratio of 16.31 and a beta of 0.05. The business has a 50 day moving average of $29.18 and a 200 day moving average of $29.52. GBank Financial Holdings Inc. has a 52 week low of $19.63 and a 52 week high of $42.23.
GBank Financial (NASDAQ:GBFH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). GBank Financial had a net margin of 15.44% and a return on equity of 14.62%. The company had revenue of $21.95 million for the quarter, compared to analysts' expectations of $21.80 million. As a group, equities research analysts forecast that GBank Financial Holdings Inc. will post 1.59 earnings per share for the current year.
Institutional Trading of GBank Financial
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in GBank Financial during the 2nd quarter valued at approximately $20,156,000. Vanguard Group Inc. raised its stake in GBank Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 526,122 shares of the company's stock valued at $20,661,000 after buying an additional 2,951 shares during the last quarter. Chapin Davis Inc. boosted its holdings in GBank Financial by 5.1% in the fourth quarter. Chapin Davis Inc. now owns 219,350 shares of the company's stock worth $7,434,000 after acquiring an additional 10,600 shares in the last quarter. State Street Corp boosted its holdings in GBank Financial by 2.2% in the fourth quarter. State Street Corp now owns 190,548 shares of the company's stock worth $6,458,000 after acquiring an additional 4,111 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of GBank Financial by 37.0% in the fourth quarter. Kennedy Capital Management LLC now owns 126,509 shares of the company's stock worth $4,287,000 after acquiring an additional 34,158 shares during the last quarter.
Analyst Ratings Changes
GBFH has been the topic of several research reports. Weiss Ratings restated a "hold (c)" rating on shares of GBank Financial in a research report on Friday, July 24th. JonesTrading decreased their price objective on GBank Financial from $50.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Zacks Research lowered GBank Financial from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Raymond James Financial assumed coverage on shares of GBank Financial in a report on Friday, May 29th. They set an "outperform" rating and a $35.00 target price on the stock. Finally, Wall Street Zen raised shares of GBank Financial from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.33.
Read Our Latest Research 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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