Green Bancorp (GNBC) Downgraded by BidaskClub

BidaskClub cut shares of Green Bancorp (NASDAQ:GNBC) from a buy rating to a hold rating in a report released on Saturday morning.

GNBC has been the topic of a number of other research reports. Zacks Investment Research cut Green Bancorp from a buy rating to a hold rating in a research report on Monday, March 12th. ValuEngine cut Green Bancorp from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $24.75.

Green Bancorp opened at $22.05 on Friday, Marketbeat.com reports. 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 firm has a market cap of $840.53 million, a price-to-earnings ratio of 18.22 and a beta of 2.10. Green Bancorp has a fifty-two week low of $18.55 and a fifty-two week high of $24.40.

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

In related news, CFO Terry Earley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were bought at an average price of $22.40 per share, for a total transaction of $112,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fleischer & Lowe Gp I. Friedman sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $22.55, for a total value of $22,550,000.00. The disclosure for this sale can be found here. 16.23% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in GNBC. UBS Group AG boosted its stake in Green Bancorp by 218.8% in the first quarter. UBS Group AG now owns 4,823 shares of the financial services provider’s stock valued at $107,000 after buying an additional 3,310 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Green Bancorp in the first quarter valued at about $152,000. AXA acquired a new stake in Green Bancorp in the fourth quarter valued at about $205,000. Engineers Gate Manager LP acquired a new stake in Green Bancorp in the first quarter valued at about $216,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Green Bancorp in the first quarter valued at about $218,000. 67.01% of the stock is currently owned by institutional investors and hedge funds.

About Green Bancorp

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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