Green Bancorp (NASDAQ:GNBC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 5th.
Several other research analysts also recently issued reports on GNBC. Zacks Investment Research downgraded Green Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub downgraded Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Green Bancorp in a research note on Monday, January 29th. SunTrust Banks reissued a “hold” rating and issued a $24.00 price target on shares of Green Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price objective on shares of Green Bancorp in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Green Bancorp has a consensus rating of “Buy” and an average price target of $24.75.
Green Bancorp (NASDAQ GNBC) traded up $0.55 during midday trading on Monday, reaching $22.90. The company had a trading volume of 393,800 shares, compared to its average volume of 442,315. The company has a market cap of $829.56, a price-to-earnings ratio of 18.47 and a beta of 2.20. Green Bancorp has a 1-year low of $15.00 and a 1-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.
In other Green Bancorp news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $23.03, for a total transaction of $23,293,647.44. Following the sale, the insider now owns 45,860 shares of the company’s stock, valued at $1,056,155.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the sale, the director now directly owns 45,860 shares in the company, valued at approximately $1,066,245. The disclosure for this sale can be found here. Company insiders own 16.23% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in GNBC. Vanguard Group Inc. raised its holdings 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 purchasing an additional 68,783 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $16,948,000 after purchasing an additional 215,665 shares during the period. Phocas Financial Corp. raised its holdings 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 purchasing an additional 26,829 shares during the period. Peregrine Capital Management LLC acquired a new position in shares of Green Bancorp during the third quarter valued at about $8,849,000. Finally, State Street Corp raised its holdings in shares of Green Bancorp by 8.5% during the second quarter. State Street Corp now owns 353,721 shares of the financial services provider’s stock valued at $6,864,000 after purchasing an additional 27,747 shares during the period. Institutional investors and hedge funds 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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