Green Bancorp (NASDAQ:GNBC) Earns “Buy” Rating from Piper Jaffray Companies

Green Bancorp (NASDAQ:GNBC)‘s stock had its “buy” rating reissued by stock analysts at Piper Jaffray Companies in a note issued to investors on Monday, January 29th. They presently have a $27.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ target price points to a potential upside of 17.90% from the company’s current price.

A number of other equities research analysts have also recently commented on GNBC. Zacks Investment Research cut Green Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price objective 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 objective on shares of Green Bancorp in a research note on Friday, October 27th. ValuEngine lowered Green Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $24.75.

Shares of Green Bancorp (NASDAQ:GNBC) opened at $22.90 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 0.95. Green Bancorp has a one year low of $15.00 and a one year high of $24.40. The company has a market capitalization of $829.56, a P/E ratio of 24.89 and a beta of 2.20.

In other news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of Green Bancorp stock in a transaction on Monday, February 5th. The stock was sold at an average price of $23.03, for a total value of $23,293,647.44. Following the completion of the transaction, the insider now directly owns 45,860 shares in the company, valued at $1,056,155.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Associates L.L.C Istm sold 1,000,000 shares of Green Bancorp stock in a transaction on Monday, February 5th. The shares were sold at an average price of $23.25, for a total value of $23,250,000.00. Following the completion of the transaction, the director now owns 45,860 shares of the company’s stock, valued at $1,066,245. The disclosure for this sale can be found here. Company insiders own 16.23% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GNBC. Vanguard Group Inc. grew its position in Green Bancorp by 8.2% during the second quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock worth $17,688,000 after buying an additional 68,783 shares in the last quarter. 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. Phocas Financial Corp. grew its position in Green Bancorp by 4.6% during the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock worth $11,735,000 after buying an additional 26,829 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Green Bancorp during the third quarter worth about $8,849,000. Finally, State Street Corp grew its position in Green Bancorp by 8.5% during the second quarter. State Street Corp now owns 353,721 shares of the financial services provider’s stock worth $6,864,000 after buying an additional 27,747 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

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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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