GBank Financial price target lowered to $50 from $55 at JonesResearch

JonesResearch analyst Matthew Erdner lowered the firm’s price target on GBank Financial (GBFH) to $50 from $55 and keeps a Buy rating on the shares after the company reported Q4 results. While the firm remain optimistic on the growth prospects across GBank’s businesses, it revised its estimates down to account for slower credit card and interchange fee growth due to “recent fraud hiccups,” which have since been resolved, the analyst tells investors.