Green Bancorp Inc (GNBC) Major Shareholder Sells $23,293,647.44 in Stock

Green Bancorp Inc (NASDAQ:GNBC) major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $23.03, for a total transaction of $23,293,647.44. Following the completion of the transaction, the insider now directly owns 45,860 shares of the company’s stock, valued at approximately $1,056,155.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Green Bancorp Inc (NASDAQ GNBC) traded up $0.20 during trading hours on Thursday, reaching $23.20. 551,000 shares of the company were exchanged, compared to its average volume of 444,159. Green Bancorp Inc has a 52 week low of $15.00 and a 52 week high of $24.40. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The company has a market cap of $853.68, a price-to-earnings ratio of 25.27 and a beta of 2.20.

Green Bancorp (NASDAQ:GNBC) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Green Bancorp had a net margin of 17.90% and a return on equity of 9.92%. The company had revenue of $40.75 million during the quarter, compared to analyst estimates of $43.40 million. research analysts predict that Green Bancorp Inc will post 1.73 EPS for the current fiscal year.

A number of brokerages have recently weighed in on GNBC. ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price objective on shares of Green Bancorp in a report on Monday, January 29th. BidaskClub upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, January 10th. Finally, SunTrust Banks restated a “hold” rating and issued a $24.00 price objective on shares of Green Bancorp in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Green Bancorp currently has an average rating of “Buy” and a consensus target price of $24.75.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Green Bancorp by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock valued at $17,688,000 after buying an additional 68,783 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Green Bancorp by 43.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock valued at $16,948,000 after purchasing an additional 215,665 shares during the period. Phocas Financial Corp. increased its position in Green Bancorp by 4.6% during the 2nd quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after purchasing an additional 26,829 shares during the period. Millennium Management LLC increased its position in Green Bancorp by 116.5% during the 4th quarter. Millennium Management LLC now owns 460,447 shares of the financial services provider’s stock valued at $9,347,000 after purchasing an additional 247,731 shares during the period. Finally, Peregrine Capital Management LLC purchased a new position in Green Bancorp during the 3rd quarter valued at $8,849,000. Institutional investors own 62.25% 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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