Schwab Charles Investment Management Inc. Raises Stake in Green Bancorp Inc (GNBC)

Schwab Charles Investment Management Inc. lifted its position in Green Bancorp Inc (NASDAQ:GNBC) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 92,960 shares of the financial services provider’s stock after acquiring an additional 8,585 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Green Bancorp were worth $1,888,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GNBC. California Public Employees Retirement System bought a new stake in shares of Green Bancorp in the second quarter worth about $246,000. Parametric Portfolio Associates LLC increased its holdings in shares of Green Bancorp by 2.7% in the second quarter. Parametric Portfolio Associates LLC now owns 24,570 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 647 shares during the last quarter. State Street Corp increased its holdings in shares of Green Bancorp by 8.5% in the second quarter. State Street Corp now owns 353,721 shares of the financial services provider’s stock worth $6,864,000 after purchasing an additional 27,747 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Green Bancorp by 19.2% in the third quarter. Sei Investments Co. now owns 16,676 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 2,690 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Green Bancorp in the third quarter worth about $159,000. 63.26% of the stock is currently owned by hedge funds and other institutional investors.

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In other Green Bancorp news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’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 transaction of $23,293,647.44. Following the completion of the transaction, the insider now owns 45,860 shares in the company, valued at $1,056,155.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $23.25, for a total value of $23,250,000.00. Following the transaction, the director now owns 45,860 shares of the company’s stock, valued at approximately $1,066,245. The disclosure for this sale can be found here. Company insiders own 16.23% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, March 12th. ValuEngine raised Green Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 target price on shares of Green Bancorp in a report on Monday, January 29th. BidaskClub raised Green Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $24.00 price target on shares of Green Bancorp in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Green Bancorp presently has a consensus rating of “Hold” and a consensus price target of $24.75.

Green Bancorp stock opened at $21.65 on Friday. The company has a market capitalization of $805.16, a PE ratio of 17.89 and a beta of 2.20. Green Bancorp Inc has a 12-month low of $15.90 and a 12-month high of $24.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.97 and a quick ratio of 0.97.

Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $40.75 million during the quarter, compared to analyst estimates of $43.40 million. Green Bancorp had a return on equity of 9.84% and a net margin of 17.90%. analysts expect that Green Bancorp Inc will post 1.73 EPS for the current year.

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About Green Bancorp

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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Institutional Ownership by Quarter for Green Bancorp (NASDAQ:GNBC)

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