First Trust Advisors LP lifted its position in shares of Green Bancorp Inc (NASDAQ:GNBC) by 247.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 165,875 shares of the financial services provider’s stock after purchasing an additional 118,163 shares during the quarter. First Trust Advisors LP’s holdings in Green Bancorp were worth $3,367,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Green Bancorp during the 3rd quarter valued at about $159,000. California Public Employees Retirement System bought a new position in Green Bancorp during the 2nd quarter worth approximately $246,000. Wells Fargo & Company MN grew its position in Green Bancorp by 2.3% during the 2nd quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 341 shares during the last quarter. Sei Investments Co. grew its position in Green Bancorp by 19.2% during the 3rd quarter. Sei Investments Co. now owns 16,676 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Green Bancorp during the 3rd quarter worth approximately $482,000. 63.25% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on GNBC shares. Zacks Investment Research lowered Green Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub lowered Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine lowered Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Green Bancorp in a research report on Monday, January 29th. Finally, SunTrust Banks restated a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.75.
Green Bancorp Inc (GNBC) opened at $23.60 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. Green Bancorp Inc has a 1 year low of $15.18 and a 1 year high of $24.40. The stock has a market capitalization of $875.95, a P/E ratio of 25.65 and a beta of 2.20.
Green Bancorp (NASDAQ:GNBC) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Green Bancorp had a return on equity of 9.92% and a net margin of 17.90%. The business had revenue of $40.75 million for the quarter, compared to analyst estimates of $43.40 million. analysts predict that Green Bancorp Inc will post 1.73 earnings per share for the current year.
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.
Want to see what other hedge funds are holding GNBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Bancorp Inc (NASDAQ:GNBC).
Receive News & Ratings for Green Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.