Green Bancorp (GNBC) Receives Consensus Recommendation of “Hold” from Brokerages

Green Bancorp (NASDAQ:GNBC) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.00.

GNBC has been the topic of several recent research reports. ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Piper Jaffray reiterated a “buy” rating and set a $27.00 target price on shares of Green Bancorp in a report on Monday, January 29th. SunTrust Banks reiterated a “hold” rating and set a $24.00 target price on shares of Green Bancorp in a report on Tuesday, January 9th. BidaskClub upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research cut shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, March 12th.

GNBC stock opened at $23.45 on Friday. The stock has a market capitalization of $862.36, a P/E ratio of 19.38 and a beta of 2.12. Green Bancorp has a 12 month low of $16.35 and a 12 month high of $24.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80.

Green Bancorp (NASDAQ:GNBC) last posted 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 for the quarter, compared to the consensus estimate of $43.40 million. Green Bancorp had a net margin of 17.90% and a return on equity of 9.84%. equities research analysts expect that Green Bancorp will post 1.73 EPS for the current fiscal year.

In other news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.03, for a total value of $23,293,647.44. Following the sale, the insider now directly owns 45,860 shares in the company, valued at approximately $1,056,155.80. The transaction 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 firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the completion of the sale, the director now owns 45,860 shares in the company, valued at $1,066,245. The disclosure for this sale can be found here. 16.23% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in GNBC. Millennium Management LLC boosted its holdings in shares of Green Bancorp by 116.5% in the 4th quarter. Millennium Management LLC now owns 460,447 shares of the financial services provider’s stock valued at $9,347,000 after buying an additional 247,731 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Green Bancorp by 43.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock valued at $16,948,000 after buying an additional 215,665 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Green Bancorp by 247.7% in the 4th quarter. First Trust Advisors LP now owns 165,875 shares of the financial services provider’s stock valued at $3,367,000 after buying an additional 118,163 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its holdings in shares of Green Bancorp by 40.8% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 177,278 shares of the financial services provider’s stock valued at $3,598,000 after buying an additional 51,402 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Green Bancorp by 75.9% in the 4th quarter. King Luther Capital Management Corp now owns 113,540 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 49,000 shares in the last quarter. Institutional investors and hedge funds own 63.12% of the company’s stock.

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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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