Green Bancorp, Inc. (GNBC) Position Lessened by Prudential Financial Inc.

Prudential Financial Inc. trimmed its holdings in shares of Green Bancorp, Inc. (NASDAQ:GNBC) by 67.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,090 shares of the financial services provider’s stock after selling 49,800 shares during the quarter. Prudential Financial Inc. owned 0.07% of Green Bancorp worth $570,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Alliancebernstein L.P. acquired a new position in Green Bancorp in the 1st quarter valued at about $206,000. California Public Employees Retirement System acquired a new position in Green Bancorp in the 2nd quarter valued at about $246,000. Sei Investments Co. grew its position in Green Bancorp by 974.2% in the 2nd quarter. Sei Investments Co. now owns 13,986 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 12,684 shares in the last quarter. Wells Fargo & Company MN grew its position in Green Bancorp by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 341 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Green Bancorp in the 1st quarter valued at about $364,000. 63.25% of the stock is owned by hedge funds and other institutional investors.

GNBC has been the subject of several research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 target price on shares of Green Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Zacks Investment Research downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, ValuEngine downgraded Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.25.

Green Bancorp, Inc. (NASDAQ GNBC) opened at $21.95 on Monday. Green Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $24.40. The company has a market capitalization of $818.32, a PE ratio of 23.60 and a beta of 2.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 0.95.

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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.

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

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