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

Buybacks and insider buying are the strongest signals companies can send to the market, according to analysts. All three brokerages rate the stock "buy"; the median price target is $35, according to data compiled by LSEG.

The stock plunged 30% on July 30 after GBFH posted a second-quarter profit miss, as elevated nonperforming assets and weaker margins weighed on results. As of the last close, GBFH stock was down 40% year to date.

Community lender GBank Financial's GBFH.O shares jumped 5% to $21.40 after 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.