Green Bancorp (NASDAQ:GNBC) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Green Bancorp (NASDAQ:GNBC) from a buy rating to a hold rating in a research report sent to investors on Wednesday, May 2nd.

Several other analysts also recently commented on the stock. BidaskClub raised shares of Green Bancorp from a hold rating to a buy rating in a research report on Tuesday, April 24th. Zacks Investment Research downgraded shares of Green Bancorp from a buy rating to a hold rating in a research report on Monday, March 12th. Piper Jaffray reissued a buy rating and issued a $27.00 target price on shares of Green Bancorp in a research report on Monday, January 29th. Finally, SunTrust Banks reaffirmed a hold rating and set a $24.00 price objective on shares of Green Bancorp in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Green Bancorp presently has an average rating of Hold and an average price target of $24.75.

GNBC stock traded up $0.30 during trading hours on Wednesday, hitting $23.75. The company’s stock had a trading volume of 167,600 shares, compared to its average volume of 300,067. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $866.10 million, a price-to-earnings ratio of 19.44 and a beta of 2.12. Green Bancorp has a 12 month low of $23.40 and a 12 month high of $23.60.

Green Bancorp (NASDAQ:GNBC) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). The business had revenue of $43.40 million during the quarter, compared to the consensus estimate of $42.30 million. Green Bancorp had a return on equity of 10.21% and a net margin of 18.32%. research analysts expect that Green Bancorp will post 1.7 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, May 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 9th. Green Bancorp’s dividend payout ratio is currently 33.06%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ellington Management Group LLC bought a new stake in shares of Green Bancorp during the 4th quarter worth $221,000. AXA bought a new stake in shares of Green Bancorp during the 4th quarter worth $205,000. First Trust Advisors LP boosted its holdings 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 buying an additional 118,163 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 15,022 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings 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 buying an additional 13,478 shares during the period. 62.65% of the stock is owned by institutional investors and hedge funds.

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.

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