Green Bancorp Inc (NASDAQ:GNBC) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 936,983 shares, a decrease of 24.3% from the February 15th total of 1,237,887 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 435,539 shares, the short-interest ratio is presently 2.2 days.
Several research firms recently commented on GNBC. Zacks Investment Research downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, March 12th. ValuEngine downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 target price on shares of Green Bancorp in a research report on Monday, January 29th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $24.00 target price on shares of Green Bancorp in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Green Bancorp currently has a consensus rating of “Hold” and an average target price of $24.75.
In related news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.03, for a total value of $23,293,647.44. Following the sale, the insider now owns 45,860 shares in the company, valued at approximately $1,056,155.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Associates L.L.C Istm sold 1,000,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 45,860 shares of the company’s stock, valued at approximately $1,066,245. The disclosure for this sale can be found here. 16.23% of the stock is currently owned by corporate insiders.
Shares of GNBC stock opened at $23.20 on Wednesday. Green Bancorp has a 52 week low of $15.18 and a 52 week high of $24.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $859.09, a PE ratio of 19.09 and a beta of 2.20.
Green Bancorp (NASDAQ:GNBC) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $40.75 million during the quarter, compared to analysts’ expectations of $43.40 million. Green Bancorp had a net margin of 17.90% and a return on equity of 9.84%. analysts expect that Green Bancorp will post 1.73 EPS for the current fiscal year.
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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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