Green Bancorp, Inc. (GNBC) Rating Lowered to Sell at Zacks Investment Research

Green Bancorp, Inc. (NASDAQ:GNBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Green Bancorp, Inc. is a bank holding company for Green Bank, N.A. The Bank is a nationally chartered commercial bank providing commercial and private banking services. It offers deposit accounts comprising demand, savings, money market, and time accounts. The Company also provides loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. It also provides a range of online banking solutions; and extended drive-through hours, and ATMs, as well as banking through telephone, mail, and personal appointment. Green Bancorp, Inc. is headquartered in Houston, Texas. “

GNBC has been the subject of a number of other research reports. BidaskClub raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.33.

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A number of institutional investors and hedge funds have recently bought and sold shares of GNBC. Citadel Advisors LLC bought a new stake in Green Bancorp during the first quarter worth about $193,000. Alliancebernstein L.P. bought a new stake in Green Bancorp during the first quarter worth about $206,000. American International Group Inc. lifted its holdings in shares of Green Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 849 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of Green Bancorp in the second quarter worth about $246,000. Finally, Sei Investments Co. lifted its holdings in shares of Green Bancorp by 974.2% in the second quarter. Sei Investments Co. now owns 13,986 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 12,684 shares during the last quarter. 60.71% of the stock is owned by institutional investors and hedge funds.

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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