Charles William Jr. Griege Purchases 24,000 Shares of GBank Financial (NASDAQ:GBFH) Stock

by · The Markets Daily

GBank Financial Holdings Inc. (NASDAQ:GBFH – Get Free Report) Director Charles William Jr. Griege acquired 24,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $29.00 per share, for a total transaction of $696,000.00. Following the completion of the acquisition, the director owned 368,289 shares in the company, valued at approximately $10,680,381. This represents a 6.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Charles William Jr. Griege also recently made the following trade(s):

  • On Friday, June 5th, Charles William Jr. Griege acquired 4,000 shares of GBank Financial stock. The stock was purchased at an average cost of $29.00 per share, for a total transaction of $116,000.00.

GBank Financial Stock Performance

NASDAQ GBFH traded up $1.25 on Tuesday, reaching $30.91. The stock had a trading volume of 46,968 shares, compared to its average volume of 63,050. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a fifty day moving average of $28.59 and a two-hundred day moving average of $31.04. GBank Financial Holdings Inc. has a 1-year low of $23.87 and a 1-year high of $44.00. The company has a market cap of $447.27 million, a P/E ratio of 25.00 and a beta of -0.11.

GBank Financial (NASDAQ:GBFH – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). GBank Financial had a net margin of 15.62% and a return on equity of 14.46%. The company had revenue of $19.65 million for the quarter, compared to the consensus estimate of $22.10 million. On average, equities research analysts anticipate that GBank Financial Holdings Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

GBFH has been the subject of several research reports. JonesTrading reiterated a “buy” rating and issued a $50.00 target price on shares of GBank Financial in a research report on Thursday, April 30th. Raymond James Financial initiated coverage on GBank Financial in a research report on Friday, May 29th. They issued an “outperform” rating and a $35.00 target price for the company. Brean Capital initiated coverage on GBank Financial in a research report on Thursday, March 12th. They issued a “buy” rating for the company. Wall Street Zen downgraded GBank Financial from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded GBank Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.33.

View Our Latest Report on GBFH

Institutional Investors Weigh In On GBank Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of GBank Financial by 93.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,696 shares of the company’s stock valued at $313,000 after buying an additional 5,657 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of GBank Financial by 19.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 118,000 shares of the company’s stock valued at $3,158,000 after buying an additional 19,311 shares during the period. Emerald Advisers LLC increased its stake in shares of GBank Financial by 223.2% in the first quarter. Emerald Advisers LLC now owns 29,227 shares of the company’s stock valued at $782,000 after buying an additional 20,185 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of GBank Financial in the first quarter valued at about $535,000. Finally, Invesco Ltd. increased its stake in shares of GBank Financial by 12.5% in the fourth quarter. Invesco Ltd. now owns 6,322 shares of the company’s stock valued at $214,000 after buying an additional 700 shares during the period.

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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