Green Bancorp (NASDAQ:GNBC) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Green Bancorp (NASDAQ:GNBC) from a hold rating to a sell rating in a research report sent to investors on Wednesday, December 27th.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $24.00 price target on shares of Green Bancorp in a report on Thursday, October 26th. SunTrust Banks reissued a hold rating and issued a $23.00 price objective on shares of Green Bancorp in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed a buy rating and set a $26.00 price target on shares of Green Bancorp in a research report on Friday, October 27th. Zacks Investment Research raised shares of Green Bancorp from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Monday, November 20th. Finally, ValuEngine cut shares of Green Bancorp from a buy rating to a hold rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $24.50.

Shares of Green Bancorp (GNBC) opened at $23.40 on Wednesday. Green Bancorp has a 52 week low of $13.15 and a 52 week high of $24.40. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $861.19, a P/E ratio of 25.44 and a beta of 2.11.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank acquired a new position in shares of Green Bancorp during the second quarter valued at approximately $720,000. Northern Trust Corp boosted its holdings in Green Bancorp by 12.4% during the second quarter. Northern Trust Corp now owns 233,980 shares of the financial services provider’s stock worth $4,539,000 after buying an additional 25,884 shares in the last quarter. Hancock Holding Co. bought a new stake in Green Bancorp during the second quarter worth approximately $8,848,000. Eagle Boston Investment Management Inc. boosted its holdings in Green Bancorp by 23.0% during the second quarter. Eagle Boston Investment Management Inc. now owns 125,971 shares of the financial services provider’s stock worth $2,443,000 after buying an additional 23,531 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Green Bancorp by 238.1% during the second quarter. American Century Companies Inc. now owns 178,309 shares of the financial services provider’s stock worth $3,459,000 after buying an additional 125,565 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

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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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