Green Bancorp, Inc. (GNBC) Given “Hold” Rating at SunTrust Banks, Inc.

Green Bancorp, Inc. (NASDAQ:GNBC)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $23.00 price target on the financial services provider’s stock.

Several other brokerages have also recently weighed in on GNBC. Zacks Investment Research raised Green Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 2nd. BidaskClub raised Green Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of Green Bancorp in a research note on Thursday. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $26.00 price objective on shares of Green Bancorp in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.75.

Shares of Green Bancorp (NASDAQ GNBC) traded up 1.74% during midday trading on Friday, reaching $23.40. The company had a trading volume of 50,891 shares. The stock has a 50-day moving average of $22.45 and a 200 day moving average of $20.46. Green Bancorp has a 52 week low of $9.30 and a 52 week high of $24.40. The firm has a market capitalization of $866.62 million, a price-to-earnings ratio of 64.11 and a beta of 2.21.

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Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Green Bancorp by 8.2% during the second quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock valued at $17,688,000 after buying an additional 68,783 shares during the period. Phocas Financial Corp. boosted its position in shares of Green Bancorp by 4.6% during the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after buying an additional 26,829 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Green Bancorp by 44.5% during the second quarter. Dimensional Fund Advisors LP now owns 500,958 shares of the financial services provider’s stock valued at $9,719,000 after buying an additional 154,167 shares during the period. Hancock Holding Co. purchased a new position in shares of Green Bancorp during the second quarter valued at approximately $8,848,000. Finally, Context BH Capital Management LP boosted its position in shares of Green Bancorp by 0.4% during the second quarter. Context BH Capital Management LP now owns 405,612 shares of the financial services provider’s stock valued at $7,869,000 after buying an additional 1,584 shares during the period. Institutional investors and hedge funds own 60.66% of the company’s stock.

About Green Bancorp

Green Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company’s subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provided commercial and private banking services primarily to Texas based customers through 22 full service branches in the Houston and Dallas metropolitan statistical areas (MSAs) and other markets.

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