Wall Street brokerages forecast that Green Bancorp Inc (NASDAQ:GNBC) will announce $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Green Bancorp’s earnings, with estimates ranging from $0.44 to $0.48. Green Bancorp posted earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 43.8%. The firm is scheduled to announce its next earnings report after the market closes on Monday, October 22nd.
On average, analysts expect that Green Bancorp will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.69. For the next financial year, analysts expect that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.99 to $2.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Green Bancorp.
Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Green Bancorp had a return on equity of 10.86% and a net margin of 19.41%. The business had revenue of $45.25 million for the quarter, compared to analyst estimates of $45.15 million.
A number of brokerages have recently weighed in on GNBC. ValuEngine lowered Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. BidaskClub lowered Green Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 23rd. Sandler O’Neill restated a “buy” rating and set a $29.00 price target on shares of Green Bancorp in a research note on Thursday, July 26th. Finally, Keefe, Bruyette & Woods upgraded Green Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.60.
Shares of GNBC stock opened at $20.01 on Thursday. Green Bancorp has a fifty-two week low of $19.55 and a fifty-two week high of $25.15. The stock has a market cap of $747.77 million, a PE ratio of 16.54 and a beta of 2.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.00 and a current ratio of 1.00.
A number of hedge funds and other institutional investors have recently modified their holdings of GNBC. BlackRock Inc. boosted its position in Green Bancorp by 123.2% in the first quarter. BlackRock Inc. now owns 3,026,623 shares of the financial services provider’s stock valued at $67,344,000 after buying an additional 1,670,387 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Green Bancorp by 26.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,174,661 shares of the financial services provider’s stock valued at $26,136,000 after buying an additional 246,856 shares during the last quarter. Principal Financial Group Inc. boosted its position in Green Bancorp by 1,216.4% in the first quarter. Principal Financial Group Inc. now owns 205,371 shares of the financial services provider’s stock valued at $4,570,000 after buying an additional 189,770 shares during the last quarter. Tieton Capital Management LLC boosted its position in Green Bancorp by 108.6% in the second quarter. Tieton Capital Management LLC now owns 161,070 shares of the financial services provider’s stock valued at $3,479,000 after buying an additional 83,840 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Green Bancorp by 77.7% in the second quarter. Foundry Partners LLC now owns 159,725 shares of the financial services provider’s stock valued at $3,450,000 after buying an additional 69,850 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.
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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