Green Bancorp, Inc. (NASDAQ:GNBC)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday, October 27th. They currently have a $23.00 price target on the financial services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 9.26% from the company’s current price. SunTrust Banks also issued estimates for Green Bancorp’s FY2019 earnings at $1.56 EPS.
A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies restated a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.75.
Shares of Green Bancorp (NASDAQ GNBC) opened at $21.05 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94. Green Bancorp has a 1-year low of $12.10 and a 1-year high of $24.40. The company has a market cap of $773.58, a price-to-earnings ratio of 22.31 and a beta of 2.15.
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A number of hedge funds and other institutional investors have recently bought and sold shares of GNBC. Bank of New York Mellon Corp increased its stake in Green Bancorp by 32.3% in the first quarter. Bank of New York Mellon Corp now owns 92,323 shares of the financial services provider’s stock valued at $1,644,000 after purchasing an additional 22,515 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Green Bancorp by 790.3% during the first quarter. JPMorgan Chase & Co. now owns 277,616 shares of the financial services provider’s stock worth $4,942,000 after acquiring an additional 246,435 shares during the period. American International Group Inc. increased its stake in shares of Green Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 849 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Green Bancorp during the first quarter worth about $206,000. Finally, Wellington Management Group LLP acquired a new position in shares of Green Bancorp during the first quarter worth about $2,240,000. Institutional investors own 61.12% of the company’s stock.
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.
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