GBank Financial jumps as insiders buy over $1 million worth of shares

GBank Financial Holdings

06/08/2026 14:36

** Community lender GBank Financial's GBFH.O shares jump 5% to $21.40
** Executive chairman Ed Nigro, president Jeff Newgard, and directors Timothy Herbst and Todd Nigro bought over $1 million worth of GBFH shares this week, according to regulatory filings late Wednesday
** Stock plunged 30% on July 30 after GBFH posted Q2 profit miss, as elevated nonperforming assets and weaker margins weighed
** Buybacks and insider buying are the strongest signals companies can send to the market, according to analysts
** All three brokerages rate the stock "buy"; median PT $35 - data compiled by LSEG
** As of last close, GBFH stock down 40% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))