Piper Jaffray Companies restated their buy rating on shares of Green Bancorp, Inc. (NASDAQ:GNBC) in a report published on Friday, October 27th. Piper Jaffray Companies currently has a $26.00 price target on the financial services provider’s stock.
GNBC has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $24.00 price objective on shares of Green Bancorp in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Green Bancorp from a hold rating to a sell rating in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of Green Bancorp from a hold rating to a buy rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $24.75.
Shares of Green Bancorp (GNBC) traded up $0.35 during mid-day trading on Friday, hitting $20.85. 187,800 shares of the stock traded hands, compared to its average volume of 183,945. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97. Green Bancorp has a 12 month low of $10.70 and a 12 month high of $24.40. The stock has a market cap of $764.26, a price-to-earnings ratio of 22.04 and a beta of 2.15.
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Several institutional investors have recently bought and sold shares of GNBC. Hancock Holding Co. purchased a new stake in shares of Green Bancorp during the 2nd quarter valued at $8,848,000. Peregrine Capital Management LLC bought a new stake in shares of Green Bancorp during the 3rd quarter valued at about $8,849,000. William Blair Investment Management LLC bought a new stake in shares of Green Bancorp during the 2nd quarter valued at about $6,591,000. JPMorgan Chase & Co. boosted its stake in shares of Green Bancorp by 790.3% during the 1st quarter. JPMorgan Chase & Co. now owns 277,616 shares of the financial services provider’s stock valued at $4,942,000 after purchasing an additional 246,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Green Bancorp by 114.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 346,791 shares of the financial services provider’s stock valued at $6,173,000 after purchasing an additional 184,921 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.
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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