Brokerages Set Green Bancorp (GNBC) Target Price at $25.00

Shares of Green Bancorp (NASDAQ:GNBC) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of equities analysts have recently issued reports on GNBC shares. Zacks Investment Research cut shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub cut shares of Green Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks restated a “hold” rating and issued a $24.00 price objective on shares of Green Bancorp in a research note on Tuesday, January 9th. Piper Jaffray restated a “buy” rating and issued a $27.00 price objective on shares of Green Bancorp in a research note on Monday, January 29th. Finally, ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 5th.

How to Become a New Pot Stock Millionaire

Shares of Green Bancorp stock opened at $23.65 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.80. Green Bancorp has a fifty-two week low of $16.35 and a fifty-two week high of $24.40. The firm has a market capitalization of $884.81, a price-to-earnings ratio of 19.55 and a beta of 2.11.

Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Green Bancorp had a net margin of 17.90% and a return on equity of 9.84%. The firm had revenue of $40.75 million during the quarter, compared to the consensus estimate of $43.40 million. equities research analysts expect that Green Bancorp will post 1.73 earnings per share for the current fiscal year.

In related news, Director Associates L.L.C Istm sold 1,000,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the completion of the sale, the director now owns 45,860 shares in the company, valued at approximately $1,066,245. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the stock in a transaction dated 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 sale, the insider now owns 45,860 shares of the company’s stock, valued at approximately $1,056,155.80. The disclosure for this sale can be found here. Corporate insiders own 13.98% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Ellington Management Group LLC acquired a new stake in shares of Green Bancorp during the 4th quarter worth about $221,000. First Trust Advisors LP increased its position in shares of Green Bancorp by 247.7% during the 4th quarter. First Trust Advisors LP now owns 165,875 shares of the financial services provider’s stock worth $3,367,000 after purchasing an additional 118,163 shares in the last quarter. AXA acquired a new stake in shares of Green Bancorp during the 4th quarter worth about $205,000. Wells Fargo & Company MN increased its position in shares of Green Bancorp by 89.6% during the 3rd quarter. Wells Fargo & Company MN now owns 28,515 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 13,478 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Green Bancorp by 972.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,567 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 15,022 shares in the last quarter. Institutional investors and hedge funds own 62.58% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://weekherald.com/2018/04/23/brokerages-set-green-bancorp-gnbc-target-price-at-25-00.html.

About Green Bancorp

Green Bancorp, Inc operates as the bank holding company for Green Bank, N.A. that provides commercial and private banking services primarily in Texas. It offers deposit accounts, such as demand, savings, money market, and time accounts. The company also provides loans, including commercial and industrial loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, mortgage-warehouse lines, term loans, equipment financing, borrowing base loans, real estate construction loans, homebuilder loans, government guaranteed loans, purchased receivables financing, letters of credit, and other loan products, as well as acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.

Receive News & Ratings for Green Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply