Green Bancorp (NASDAQ:GNBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $24.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 7.87% from the company’s previous close.

According to Zacks, “Green Bancorp, Inc. is a bank holding company for Green Bank, N.A. The Bank is a nationally chartered commercial bank providing commercial and private banking services. It offers deposit accounts comprising demand, savings, money market, and time accounts. The Company also provides loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. It also provides a range of online banking solutions; and extended drive-through hours, and ATMs, as well as banking through telephone, mail, and personal appointment. Green Bancorp, Inc. is headquartered in Houston, Texas. “

A number of other research analysts also recently weighed in on the company. SunTrust Banks reaffirmed a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a research note on Tuesday. BidaskClub downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Green Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price objective on shares of Green Bancorp in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.50.

Green Bancorp (GNBC) traded up $0.80 during mid-day trading on Wednesday, reaching $22.25. The company had a trading volume of 210,227 shares, compared to its average volume of 171,014. Green Bancorp has a fifty-two week low of $13.15 and a fifty-two week high of $24.40. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The firm has a market cap of $831.36, a P/E ratio of 24.45 and a beta of 2.11.

Institutional investors have recently modified their holdings of the company. Swiss National Bank purchased a new stake in shares of Green Bancorp in the second quarter worth approximately $720,000. Northern Trust Corp raised its stake in shares of Green Bancorp by 12.4% in the second quarter. Northern Trust Corp now owns 233,980 shares of the financial services provider’s stock worth $4,539,000 after purchasing an additional 25,884 shares during the last quarter. Hancock Holding Co. purchased a new stake in shares of Green Bancorp in the second quarter worth approximately $8,848,000. Phocas Financial Corp. raised its stake in shares of Green Bancorp by 4.6% in the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock worth $11,735,000 after purchasing an additional 26,829 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Green Bancorp by 107.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 70,200 shares of the financial services provider’s stock worth $1,362,000 after purchasing an additional 36,383 shares during the last quarter. 63.25% of the stock is owned by hedge funds and other institutional investors.

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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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