Green Bancorp (NASDAQ:GNBC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, January 11th.
GNBC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 target price on shares of Green Bancorp in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price target on shares of Green Bancorp in a research note on Wednesday, October 4th. SunTrust Banks reissued a “hold” rating and issued a $23.00 price target on shares of Green Bancorp in a research note on Friday, October 27th. Finally, ValuEngine downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.50.
Green Bancorp (GNBC) traded down $0.35 on Thursday, reaching $22.70. 133,617 shares of the company were exchanged, compared to its average volume of 160,979. The firm has a market capitalization of $846.27, a price-to-earnings ratio of 24.95 and a beta of 2.11. Green Bancorp has a 52-week low of $13.75 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.
Green Bancorp (NASDAQ:GNBC) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Green Bancorp had a return on equity of 7.70% and a net margin of 18.70%. equities analysts anticipate that Green Bancorp will post 1.19 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new stake in Green Bancorp during the 3rd quarter worth approximately $159,000. California Public Employees Retirement System purchased a new stake in Green Bancorp during the 2nd quarter worth approximately $246,000. Wells Fargo & Company MN increased its stake in Green Bancorp by 2.3% during the 2nd quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after buying an additional 341 shares during the period. Sei Investments Co. increased its stake in Green Bancorp by 19.2% during the 3rd quarter. Sei Investments Co. now owns 16,676 shares of the financial services provider’s stock worth $394,000 after buying an additional 2,690 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Green Bancorp by 61.2% during the 2nd quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock worth $363,000 after buying an additional 7,100 shares during the period. 63.15% of the stock is currently owned by hedge funds and other institutional investors.
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Green Bancorp Company Profile
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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