Green Bancorp, Inc. (GNBC) Given “Hold” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their hold rating on shares of Green Bancorp, Inc. (NASDAQ:GNBC) in a research report report published on Friday. The firm currently has a $23.00 target price on the financial services provider’s stock. SunTrust Banks also issued estimates for Green Bancorp’s FY2019 earnings at $1.56 EPS.

GNBC has been the subject of a number of other research reports. Zacks Investment Research cut Green Bancorp from a hold rating to a sell rating in a report on Wednesday, October 11th. BidaskClub cut Green Bancorp from a buy rating to a hold rating in a report on Monday, July 24th. Piper Jaffray Companies restated a buy rating and set a $26.00 price objective on shares of Green Bancorp in a report on Friday. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $23.00 price objective on shares of Green Bancorp in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $24.75.

Green Bancorp (NASDAQ GNBC) opened at 22.25 on Friday. The firm has a market cap of $824.03 million, a PE ratio of 60.96 and a beta of 2.20. The firm has a 50-day moving average price of $22.69 and a 200 day moving average price of $20.62. Green Bancorp has a 12-month low of $9.30 and a 12-month high of $24.40.

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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Green Bancorp by 8.2% during the second quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock worth $17,688,000 after acquiring an additional 68,783 shares during the period. Phocas Financial Corp. raised its position in shares of Green Bancorp by 4.6% in the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after buying an additional 26,829 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Green Bancorp by 44.5% in the second quarter. Dimensional Fund Advisors LP now owns 500,958 shares of the financial services provider’s stock valued at $9,719,000 after buying an additional 154,167 shares in the last quarter. Hancock Holding Co. acquired a new stake in shares of Green Bancorp in the second quarter valued at approximately $8,848,000. Finally, Context BH Capital Management LP raised its position in shares of Green Bancorp by 0.4% in the second quarter. Context BH Capital Management LP now owns 405,612 shares of the financial services provider’s stock valued at $7,869,000 after buying an additional 1,584 shares in the last quarter. Institutional investors own 60.58% of the company’s stock.

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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