Shares of Green Bancorp (NASDAQ:GNBC) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.
A number of analysts recently commented on GNBC shares. Zacks Investment Research downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Piper Jaffray reissued a “buy” rating and set a $27.00 price objective on shares of Green Bancorp in a report on Monday, January 29th. Finally, SunTrust Banks reissued a “hold” rating and set a $24.00 price objective on shares of Green Bancorp in a report on Tuesday, January 9th.
GNBC stock traded down $0.25 during trading on Monday, reaching $22.00. 193,445 shares of the company were exchanged, compared to its average volume of 373,718. The company has a market cap of $827.47, a P/E ratio of 18.18 and a beta of 2.11. Green Bancorp has a 52-week low of $15.90 and a 52-week high of $24.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80.
In other Green Bancorp news, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of Green Bancorp stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.03, for a total transaction of $23,293,647.44. Following the completion of the transaction, the insider now owns 45,860 shares in the company, valued at $1,056,155.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Associates L.L.C Istm sold 1,000,000 shares of Green Bancorp stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the transaction, 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. Insiders own 16.23% of the company’s stock.
Large investors have recently bought and sold shares of the company. Susquehanna International Group LLP raised its position in shares of Green Bancorp by 31.6% in the third quarter. Susquehanna International Group LLP now owns 66,465 shares of the financial services provider’s stock valued at $1,572,000 after buying an additional 15,955 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Green Bancorp in the third quarter valued at approximately $482,000. Convergence Investment Partners LLC acquired a new position in shares of Green Bancorp in the third quarter valued at approximately $917,000. Wells Fargo & Company MN raised its position in shares of Green Bancorp by 89.6% in the third quarter. Wells Fargo & Company MN now owns 28,515 shares of the financial services provider’s stock valued at $675,000 after buying an additional 13,478 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position 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 valued at $336,000 after buying an additional 15,022 shares during the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.
About Green Bancorp
Green Bancorp, Inc operates as the bank holding company for Green Bank, N.A. that provides commercial and private banking services primarily in Texas. It offers deposit accounts, such as demand, savings, money market, and time accounts. The company also provides loans, including commercial and industrial loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, mortgage-warehouse lines, term loans, equipment financing, borrowing base loans, real estate construction loans, homebuilder loans, government guaranteed loans, purchased receivables financing, letters of credit, and other loan products, as well as acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.
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