Shares of Green Bancorp Inc (NASDAQ:GNBC) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.00.
A number of brokerages recently weighed in on GNBC. BidaskClub raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. Zacks Investment Research downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Finally, ValuEngine downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
In other Green Bancorp news, major shareholder Fleischer & Lowe Gp I. Friedman sold 1,000,000 shares of Green Bancorp stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $22.55, for a total value of $22,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Terry Earley purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was bought at an average cost of $22.40 per share, with a total value of $112,000.00. The disclosure for this purchase can be found here. Insiders own 13.98% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its stake in Green Bancorp by 218.8% in the first quarter. UBS Group AG now owns 4,823 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 3,310 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Green Bancorp in the first quarter valued at $152,000. AXA bought a new stake in Green Bancorp in the fourth quarter valued at $205,000. Engineers Gate Manager LP bought a new stake in Green Bancorp in the first quarter valued at $216,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Green Bancorp in the first quarter valued at $218,000. 67.01% of the stock is owned by hedge funds and other institutional investors.
NASDAQ GNBC traded down $0.35 during mid-day trading on Friday, reaching $23.30. 212,200 shares of the stock were exchanged, compared to its average volume of 298,632. Green Bancorp has a one year low of $18.55 and a one year high of $24.40. The company has a market capitalization of $879.66 million, a PE ratio of 19.26 and a beta of 2.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.59.
Green Bancorp (NASDAQ:GNBC) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Green Bancorp had a return on equity of 10.21% and a net margin of 18.32%. The firm had revenue of $43.40 million for the quarter, compared to the consensus estimate of $42.30 million. equities analysts expect that Green Bancorp will post 1.7 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Thursday, May 24th. Shareholders of record on Thursday, May 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, May 9th. Green Bancorp’s dividend payout ratio (DPR) is currently 33.06%.
Green Bancorp Company Profile
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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