GBank Financial falls in Nasdaq debut after 4-year stint on OTC markets

GBank Financial Holdings

30/04/2025 16:17

Updates

** Community bank GBank Financial GBFH.O commences trading on the Nasdaq Capital Market after uplisting

** Stock opened at $37.63 on Nasdaq; last trading at $40.80

** GBFH had closed at $41.50 on Tuesday on over-the-counter (OTC) markets

** Las Vegas, Nevada-based GBFH has traded on OTC since 2021

** Nasdaq uplisting will provide GBFH shareholders with liquidity and also likely to result in a Russell index inclusion for the bank

** GBFH began operations in 2007 as "Bank of George" when it opened its Las Vegas bank locations

** Late Tuesday, GBFH reported Q1 profit of $4.5 million, compared with $3.7 million a year earlier

** One analyst covering the stock rates it "strong buy" with $45 PT - data compiled by LSEG

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))