Headlines about Green Bancorp (NASDAQ:GNBC) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Green Bancorp earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.6351887028316 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts have weighed in on GNBC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price target on shares of Green Bancorp in a research report on Monday, January 29th. Zacks Investment Research lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. BidaskClub lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $24.00 price target on shares of Green Bancorp in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.75.
Green Bancorp (NASDAQ:GNBC) opened at $22.65 on Friday. The firm has a market cap of $868.38, a P/E ratio of 24.62 and a beta of 2.20. Green Bancorp has a 12-month low of $15.60 and a 12-month high of $24.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.97 and a quick ratio of 0.97.
Green Bancorp (NASDAQ:GNBC) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $40.75 million during the quarter, compared to analyst estimates of $43.40 million. Green Bancorp had a net margin of 17.90% and a return on equity of 9.84%. sell-side analysts anticipate that Green Bancorp will post 1.73 EPS for the current year.
In other 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 value of $23,293,647.44. Following the transaction, 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 Securities & Exchange Commission, which is available 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 completion of the transaction, 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. Corporate insiders own 16.23% 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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