Brokers Issue Forecasts for Green Bancorp, Inc.’s FY2019 Earnings (GNBC)
Green Bancorp, Inc. (NASDAQ:GNBC) – Research analysts at SunTrust Banks issued their FY2019 EPS estimates for shares of Green Bancorp in a report released on Thursday. SunTrust Banks analyst M. Young forecasts that the financial services provider will post earnings per share of $1.56 for the year. SunTrust Banks currently has a “Hold” rating and a $23.00 target price on the stock.
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GNBC has been the subject of several other research reports. Zacks Investment Research lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies restated a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a report on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price target on shares of Green Bancorp in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Green Bancorp currently has an average rating of “Hold” and a consensus target price of $24.75.
Shares of Green Bancorp (NASDAQ:GNBC) traded down 3.81% on Monday, reaching $22.75. 69,126 shares of the company were exchanged. The company has a market cap of $842.55 million, a price-to-earnings ratio of 62.33 and a beta of 2.20. The company’s 50-day moving average price is $22.63 and its 200 day moving average price is $20.52. Green Bancorp has a 12 month low of $9.30 and a 12 month high of $24.40.
Several large investors have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC bought a new stake in shares of Green Bancorp in the 3rd quarter valued at $8,849,000. Phocas Financial Corp. increased its stake in shares of Green Bancorp by 4.6% in the 2nd quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after acquiring an additional 26,829 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Green Bancorp in the 2nd quarter valued at $368,000. Susquehanna International Group LLP increased its stake in shares of Green Bancorp by 355.2% in the 2nd quarter. Susquehanna International Group LLP now owns 50,510 shares of the financial services provider’s stock valued at $980,000 after acquiring an additional 39,413 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Green Bancorp by 8.5% in the 2nd quarter. State Street Corp now owns 353,721 shares of the financial services provider’s stock valued at $6,864,000 after acquiring an additional 27,747 shares in the last quarter. Institutional investors own 60.58% of the company’s stock.
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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