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. “
A number of other analysts have also commented on the stock. SunTrust Banks Inc. lowered shares of Green Bancorp from a buy rating to a neutral rating in a report on Thursday, August 25th. Hovde Group raised shares of Green Bancorp from a market perform rating to an outperform rating and lifted their target price for the stock from $8.25 to $9.75 in a report on Wednesday, June 8th. Jefferies Group reissued a hold rating and set a $9.50 price target on shares of Green Bancorp in a research report on Thursday, July 7th. Keefe, Bruyette & Woods lifted their price target on shares of Green Bancorp from $10.00 to $11.00 and gave the stock a market perform rating in a research report on Friday, July 29th. Finally, TheStreet raised shares of Green Bancorp from a sell rating to a hold rating in a research report on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $10.21.
Shares of Green Bancorp (NASDAQ:GNBC) opened at 11.51 on Monday. The firm has a market cap of $421.48 million, a P/E ratio of 32.33 and a beta of 1.87. Green Bancorp has a 12 month low of $6.61 and a 12 month high of $14.30. The stock’s 50 day moving average price is $10.48 and its 200-day moving average price is $8.99.
Green Bancorp (NASDAQ:GNBC) last released its earnings results on Thursday, July 28th. The financial services provider reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Green Bancorp had a net margin of 7.80% and a return on equity of 3.74%. Equities research analysts anticipate that Green Bancorp will post $0.33 earnings per share for the current fiscal year.
In related news, CFO John P. Durie acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $9.58 per share, with a total value of $191,600.00. Following the transaction, the chief financial officer now owns 37,076 shares of the company’s stock, valued at approximately $355,188.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.74% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Green Bancorp by 3.6% in the second quarter. Vanguard Group Inc. now owns 624,121 shares of the financial services provider’s stock valued at $5,442,000 after buying an additional 21,472 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Green Bancorp by 44.6% in the second quarter. BlackRock Fund Advisors now owns 532,073 shares of the financial services provider’s stock valued at $4,640,000 after buying an additional 164,220 shares in the last quarter. First Manhattan Co. boosted its stake in Green Bancorp by 0.9% in the second quarter. First Manhattan Co. now owns 479,743 shares of the financial services provider’s stock valued at $4,183,000 after buying an additional 4,100 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Green Bancorp by 0.4% in the second quarter. BlackRock Advisors LLC now owns 437,503 shares of the financial services provider’s stock valued at $3,815,000 after buying an additional 1,671 shares in the last quarter. Finally, State Street Corp boosted its stake in Green Bancorp by 80.7% in the second quarter. State Street Corp now owns 249,094 shares of the financial services provider’s stock valued at $2,173,000 after buying an additional 111,249 shares in the last quarter. 30.34% of the stock is currently owned by institutional investors and hedge funds.
About Green Bancorp
Green Bancorp, Inc is a bank holding company. The Company’s subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provides commercial and private banking services primarily to Texas based customers through approximately 22 full service branches in the Houston and Dallas metropolitan statistical areas (MSAs) and other markets.
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