Green Bancorp Inc (GNBC) Short Interest Update

Green Bancorp Inc (NASDAQ:GNBC) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 711,198 shares, a decline of 30.9% from the January 12th total of 1,028,935 shares. Based on an average daily trading volume, of 279,603 shares, the short-interest ratio is presently 2.5 days. Approximately 2.9% of the company’s shares are sold short.

Shares of Green Bancorp (NASDAQ GNBC) opened at $22.35 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The stock has a market cap of $829.57, a price-to-earnings ratio of 24.29 and a beta of 2.20. Green Bancorp has a 12 month low of $15.00 and a 12 month high of $24.40.

In other news, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 45,860 shares of the company’s stock, valued at $1,066,245. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 45,860 shares in the company, valued at $1,056,155.80. The disclosure for this sale can be found here. Insiders own 16.23% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Green Bancorp by 972.3% in the fourth 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 last quarter. Bank of New York Mellon Corp increased its stake in shares of Green Bancorp by 17.8% in the fourth quarter. Bank of New York Mellon Corp now owns 116,152 shares of the financial services provider’s stock worth $2,358,000 after buying an additional 17,534 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of Green Bancorp by 40.8% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 177,278 shares of the financial services provider’s stock worth $3,598,000 after buying an additional 51,402 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Green Bancorp by 11.7% in the fourth quarter. Wells Fargo & Company MN now owns 31,848 shares of the financial services provider’s stock worth $647,000 after buying an additional 3,333 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Green Bancorp by 247.7% in the fourth 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 last quarter. Institutional investors and hedge funds own 62.95% of the company’s stock.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Green Bancorp in a research report on Thursday, October 26th. SunTrust Banks reissued a “hold” rating and set a $23.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Zacks Investment Research raised shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, November 20th. Finally, ValuEngine raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $24.75.

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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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