BidaskClub Lowers Green Bancorp (GNBC) to Hold

Green Bancorp (NASDAQ:GNBC) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also weighed in on GNBC. ValuEngine lowered Green Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray reaffirmed a “buy” rating and set a $27.00 target price on shares of Green Bancorp in a research report on Monday, January 29th. SunTrust Banks reaffirmed a “hold” rating and set a $24.00 target price on shares of Green Bancorp in a research report on Tuesday, January 9th. Finally, Zacks Investment Research lowered Green Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.75.

Shares of GNBC opened at $22.45 on Friday. Green Bancorp has a 52-week low of $18.30 and a 52-week high of $24.40. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $819.34, a price-to-earnings ratio of 18.55 and a beta of 2.12.

Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). Green Bancorp had a net margin of 18.32% and a return on equity of 10.21%. The business had revenue of $43.40 million during the quarter, compared to analyst estimates of $42.30 million. equities analysts predict that Green Bancorp will post 1.7 earnings per share for the current year.

In other news, Director Associates L.L.C Istm sold 1,000,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 45,860 shares of the company’s stock, valued at $1,066,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 45,860 shares in the company, valued at $1,056,155.80. The disclosure for this sale can be found here. 16.23% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in Green Bancorp by 15.5% in the 4th quarter. Alliancebernstein L.P. now owns 19,400 shares of the financial services provider’s stock valued at $394,000 after buying an additional 2,600 shares during the last quarter. Victory Capital Management Inc. raised its position in Green Bancorp by 5.6% in the 4th quarter. Victory Capital Management Inc. now owns 61,156 shares of the financial services provider’s stock valued at $1,241,000 after buying an additional 3,226 shares during the last quarter. Wells Fargo & Company MN raised its position in Green Bancorp by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 31,848 shares of the financial services provider’s stock valued at $647,000 after buying an additional 3,333 shares during the last quarter. Swiss National Bank raised its position in Green Bancorp by 14.0% in the 1st quarter. Swiss National Bank now owns 42,300 shares of the financial services provider’s stock valued at $941,000 after buying an additional 5,200 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Green Bancorp by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 212,903 shares of the financial services provider’s stock valued at $4,321,000 after buying an additional 7,718 shares during the last quarter. 62.29% of the stock is owned by institutional investors and hedge funds.

Green Bancorp Company Profile

Green Bancorp, Inc operates as the bank holding company for Green Bank, N.A. that provides commercial and private banking services primarily in Texas. It offers deposit accounts, such as demand, savings, money market, and time accounts. The company also provides loans, including commercial and industrial loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, mortgage-warehouse lines, term loans, equipment financing, borrowing base loans, real estate construction loans, homebuilder loans, government guaranteed loans, purchased receivables financing, letters of credit, and other loan products, as well as acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.

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