Green Bancorp, Inc. (GNBC) Receives Average Rating of “Hold” from Analysts
Shares of Green Bancorp, Inc. (NASDAQ:GNBC) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.50.
Separately, Zacks Investment Research upgraded Green Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, May 9th.
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Shares of Green Bancorp (NASDAQ GNBC) traded down 0.99% during midday trading on Tuesday, reaching $20.05. The company’s stock had a trading volume of 107,886 shares. Green Bancorp has a 12 month low of $9.12 and a 12 month high of $20.55. The stock has a 50-day moving average of $19.27 and a 200 day moving average of $17.06. The company has a market cap of $742.13 million, a price-to-earnings ratio of 179.02 and a beta of 2.08.
Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Green Bancorp had a return on equity of 1.03% and a net margin of 2.56%. The firm had revenue of $38.14 million during the quarter, compared to analysts’ expectations of $36.70 million. On average, analysts predict that Green Bancorp will post $1.06 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in GNBC. FFL Partners LLC bought a new position in shares of Green Bancorp during the fourth quarter valued at approximately $76,090,000. Mendon Capital Advisors Corp bought a new position in shares of Green Bancorp during the first quarter valued at approximately $4,479,000. JPMorgan Chase & Co. increased its position in shares of Green Bancorp by 790.3% in the first quarter. JPMorgan Chase & Co. now owns 277,616 shares of the financial services provider’s stock valued at $4,942,000 after buying an additional 246,435 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of Green Bancorp by 242.1% in the first quarter. Hennessy Advisors Inc. now owns 325,000 shares of the financial services provider’s stock valued at $5,785,000 after buying an additional 230,000 shares during the last quarter. Finally, RMB Capital Management LLC bought a new position in shares of Green Bancorp during the first quarter valued at approximately $3,861,000. 57.06% of the stock is currently owned by hedge funds and other institutional investors.
About Green Bancorp
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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