Green Bancorp (GNBC) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Green Bancorp (NASDAQ:GNBC) from a sell rating to a hold rating in a report issued on Thursday morning.

Several other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Green Bancorp from a hold rating to a buy rating and set a $24.00 target price for the company in a report on Wednesday, January 10th. SunTrust Banks reiterated a hold rating and issued a $24.00 target price on shares of Green Bancorp in a report on Tuesday, January 9th. ValuEngine downgraded shares of Green Bancorp from a buy rating to a hold rating in a report on Friday, December 1st. Piper Jaffray Companies reiterated a buy rating and issued a $26.00 target price on shares of Green Bancorp in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $24.00 target price on shares of Green Bancorp in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.50.

Green Bancorp (GNBC) traded up $0.30 during trading on Thursday, reaching $23.40. 157,200 shares of the company traded hands, compared to its average volume of 166,511. Green Bancorp has a 12-month low of $13.15 and a 12-month high of $24.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $872.37, a P/E ratio of 25.71 and a beta of 2.11.

Green Bancorp (NASDAQ:GNBC) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). Green Bancorp had a net margin of 18.70% and a return on equity of 7.70%. research analysts predict that Green Bancorp will post 1.19 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new position in shares of Green Bancorp in the third quarter worth $159,000. California Public Employees Retirement System acquired a new position in shares of Green Bancorp in the second quarter worth $246,000. Wells Fargo & Company MN grew its stake in shares of Green Bancorp by 2.3% in the second quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 341 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Green Bancorp by 61.2% in the second quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Green Bancorp in the second quarter worth $368,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

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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.

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