Green Bancorp, Inc. (GNBC) Receives $24.25 Consensus Target Price from Brokerages

Green Bancorp, Inc. (NASDAQ:GNBC) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.25.

Several brokerages have recently weighed in on GNBC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price target on shares of Green Bancorp in a research report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $23.00 price target on shares of Green Bancorp in a research report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 price target on shares of Green Bancorp in a research report on Friday, October 27th. Zacks Investment Research upgraded Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, November 20th. Finally, ValuEngine cut Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in Green Bancorp by 31.6% during the third quarter. Susquehanna International Group LLP now owns 66,465 shares of the financial services provider’s stock worth $1,572,000 after buying an additional 15,955 shares in the last quarter. California Public Employees Retirement System grew its position in Green Bancorp by 92.3% during the third quarter. California Public Employees Retirement System now owns 24,427 shares of the financial services provider’s stock worth $578,000 after buying an additional 11,727 shares in the last quarter. King Luther Capital Management Corp purchased a new position in Green Bancorp during the third quarter worth about $1,526,000. Convergence Investment Partners LLC purchased a new position in Green Bancorp during the third quarter worth about $917,000. Finally, Dimensional Fund Advisors LP grew its position in Green Bancorp by 43.1% during the third quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock worth $16,948,000 after buying an additional 215,665 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

Shares of Green Bancorp (NASDAQ GNBC) traded up $0.20 during midday trading on Friday, hitting $22.10. The stock had a trading volume of 138,200 shares, compared to its average volume of 182,084. The stock has a market capitalization of $816.45, a PE ratio of 23.55 and a beta of 2.12. Green Bancorp has a one year low of $13.15 and a one year high of $24.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 0.95.

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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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