Green Bancorp Inc. (NASDAQ:GNBC) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.45.
GNBC has been the subject of a number of research analyst reports. Hovde Group upgraded Green Bancorp from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $8.25 to $9.75 in a report on Wednesday, June 8th. Zacks Investment Research upgraded Green Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Jefferies Group restated a “hold” rating and set a $9.50 price objective on shares of Green Bancorp in a report on Thursday, July 7th. TheStreet upgraded Green Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Green Bancorp from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, July 29th.
Shares of Green Bancorp (NASDAQ:GNBC) opened at 10.84 on Monday. The firm has a market capitalization of $396.95 million, a PE ratio of 30.45 and a beta of 1.88. The firm has a 50-day moving average price of $10.27 and a 200-day moving average price of $8.88. Green Bancorp has a 1-year low of $6.61 and a 1-year high of $14.30.
Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings data 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 return on equity of 3.74% and a net margin of 7.80%. On average, analysts forecast that Green Bancorp will post $0.33 EPS for the current fiscal year.
In other Green Bancorp news, CFO John P. Durie purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased 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 in the company, valued at $355,188.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.74% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC purchased a new position in Green Bancorp during the first quarter worth $335,000. State Street Corp boosted its position in Green Bancorp by 32.0% in the first quarter. State Street Corp now owns 137,845 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 33,432 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Green Bancorp by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 16,555 shares of the financial services provider’s stock worth $125,000 after buying an additional 685 shares during the last quarter. Geode Capital Management LLC boosted its position in Green Bancorp by 10.1% in the first quarter. Geode Capital Management LLC now owns 77,774 shares of the financial services provider’s stock worth $588,000 after buying an additional 7,136 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Green Bancorp by 162.7% in the first quarter. Renaissance Technologies LLC now owns 207,800 shares of the financial services provider’s stock worth $1,573,000 after buying an additional 128,700 shares during the last quarter. 30.34% of the stock is owned by institutional investors.
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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