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.
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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